Bank of Queensland Limited (ASX:BOQ)

ALERT: Price-sensitive ASX Announcement for BOQ

Current share price for BOQ : $6.590 -0.01 (-0.15%)⁺

Announcement

BOQ Announces Capital Return and FY26 Notable Items

Release

10 Aug 2026 9:35AM

Price at Release

$6.600

Full Release

Summary

The Bank of Queensland Limited (BOQ) announced a capital return of approximately $295 million to its shareholders, comprising a fully franked special dividend and an on-market share buy-back. This decision follows the completion of a full loan sale of BOQ's equipment finance portfolio and demonstrates the group's strong capital position. The special dividend is set at 15 cents per share, with the ex-dividend and record dates on 13 August 2026 and 14 August 2026 respectively. The dividend payment is scheduled for 24 August 2026. The buy-back, managed by Merrill Lynch Equities (Australia) Limited, will be conducted within the legal framework of the Corporations Act 2001. BOQ also reported a significant transformation milestone with the migration of approximately 350,000 ME customers to its digital banking platform, marking the completion of a multi-year program. A $47 million pre-tax impairment charge related to technology and other assets was reported, but this will not affect BOQ's capital position or its ability to achieve sub-inflation expense growth for FY26. The Board confirmed that this charge will be excluded when considering the FY26 final dividend, maintaining a payout ratio between 60-75% of cash earnings excluding notable items.

Key Points

BOQ announces $295 million capital return to shareholders.
Special dividend set at 15 cents per share with key dates in August 2026.
On-market share buy-back to be conducted without shareholder approval.
Successful migration of 350,000 ME customers to digital platform.
$47 million pre-tax impairment charge due to asset reassessment.
Impairment charge excluded from final FY26 dividend considerations.
BOQ maintains strong capital position with CET1 ratio adjustments.
Dividend payout ratio target remains 60-75% excluding notable items.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.