Bank of Queensland Limited (ASX: BOQ) released its AGM presentation highlighting the disappointing results in a challenging operating environment.
Compared to the previous corresponding period, in FY19:
- Statutory net profit after tax declined by 11% to $298 million.
- Cash earnings after tax decreased by 14% to $320 million.
- Cash earnings per share declined by 16% to 79.6 cents.
- Dividend per share decreased by 14% to 65 cents.
Decisive action is being taken by the Bank to improve its performance. In FY20, BOQ expects a lower YoY cash earnings. Transformation strategy update is scheduled for late February 2020
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.