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Bank of Queensland Discloses Nearly AU$300 Million Capital Return to Shareholders; Shares Up 3%

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Bank of Queensland (ASX:BOQ) disclosed a AU$295 million capital return to shareholders, including a fully-franked special dividend and an on-market buy-back of ordinary shares, according to a Monday filing with the Australian bourse.

The board declared a fully-franked special dividend of AU$0.15 per share, and the company plans to undertake an on-market share buy-back of up to AU$196 million, the filing said.

The special dividend is payable Aug. 24 to shareholders on record as of Aug. 14, per the filing.

Shares rose 3% in afternoon trade Monday.

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