Bank of Queensland (ASX:BOQ) see 14% decline in FY19 cash earnings

Company News

by Rachael Jones

Bank of Queensland (ASX:BOQ) reports their financial year 2019 cash earnings after tax of $320 million, is down 14 per cent on financial year 2018.

Statutory net profit after tax decreased by 11 per cent to $298 million.

Basic cash earnings per share was down 16 per cent to 79.6 cents per share.

The Board has announced a final dividend of 31 cents per share, for a full year dividend of 65 cents per share.

This is a reduction of 11 cents per share from FY18.

Shares in Bank of Queensland (ASX:BOQ) trading 4.1 per cent lower at $9.26.