Bank of Queensland's Payout Could Appeal to Some -- Market Talk
Dow Jones
Apr 24
0253 GMT - The share-price fall that followed the release of Bank of Queensland's 1H result turns Morgans analyst Nathan Lead more positive on the regional lender. Lead raises his recommendation on the stock to accumulate from hold, telling clients in a note that the Australian bank's attractive fully franked dividend and upcoming capital release may appeal to income-oriented investors. While the stock is still trading above his intrinsic value estimate, Lead thinks the bank's move to increase its payout ratio to 75% from 65% speaks to the confidence in its capital position. Morgans keeps a A$7.39 target price on the stock, which is up 1.5% at A$6.65. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 23, 2026 22:53 ET (02:53 GMT)
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