Bank of Queensland to Return A$295M via Special Dividend and Buyback

Bank of Queensland is returning a total of A$295 million to shareholders through a special dividend and an on-market share buyback. The special dividend of 15 Australian cents per share will be paid first, with the dividend reinvestment plan suspended for that payment.

Following the dividend, the bank will conduct an on-market buyback of up to A$196 million. The combined program is intended to distribute excess capital to investors.