BOQ’s Dividend Update Highlights Currency Flexibility Amid Stable Payout
Bank of Queensland has updated its dividend details, confirming a fully franked 20-cent payout for the half-year ending August 2025, alongside a refined Dividend Reinvestment Plan price and currency options for shareholders.
- Ordinary fully franked dividend of AUD 0.20 per share
- Dividend payment scheduled for 21 November 2025
- Dividend Reinvestment Plan (DRP) price set at AUD 6.8107 with no discount
- Shareholders can elect to receive dividends in AUD or NZD
- Update refines DRP pricing and NZD exchange rate to 1.1396
Dividend Confirmation and Payment Details
Bank of Queensland Limited (ASX – BOQ) has confirmed an ordinary dividend of 20 Australian cents per fully paid ordinary share for the six-month period ending 31 August 2025. This dividend is fully franked, reflecting the company’s ongoing commitment to returning value to shareholders with tax credits attached. The payment date is set for 21 November 2025, with the record date fixed at 30 October 2025, ensuring shareholders on that date will be eligible for the distribution.
Dividend Reinvestment Plan Pricing and Currency Options
Alongside the dividend confirmation, BOQ has updated the pricing details for its Dividend Reinvestment Plan (DRP). The DRP price is calculated at AUD 6.8107 per share, based on the average volume-weighted price over a 10 trading day period following the record date, with no discount applied. This approach aligns with market norms, providing a transparent and fair mechanism for shareholders opting to reinvest dividends into additional shares.
Importantly, the update also clarifies currency arrangements for dividend payments. While the primary currency remains the Australian dollar, shareholders have the option to receive dividends in New Zealand dollars, with the exchange rate set at 1.1396 AUD/NZD. This flexibility caters to BOQ’s New Zealand-based investors and reflects the bank’s trans-Tasman shareholder base.
Shareholder Participation and Conditions
Shareholders who do not elect to participate in the DRP will receive their dividend payments in cash by default. The deadline for DRP election notices was 31 October 2025, allowing investors sufficient time to decide their preferred dividend treatment. The DRP will not issue new shares but will instead allocate existing shares to participants, maintaining capital structure stability. There are no minimum or maximum participation limits, though certain conditions apply as detailed in the DRP plan documentation available on BOQ’s website.
This update follows a previous announcement on 15 October 2025, refining the DRP price and currency exchange rate details rather than altering the dividend amount itself. It underscores BOQ’s transparent communication with investors and its attention to currency considerations in dividend payments.
Bottom Line?
As BOQ finalises its dividend payout and DRP pricing, investors will watch closely how currency choices and reinvestment uptake shape shareholder returns.
Questions in the middle?
- How will shareholder participation in the DRP compare to previous periods?
- What impact might currency election trends have on BOQ’s dividend distribution costs?
- Could future dividend policies reflect changes in BOQ’s capital or earnings outlook?
