The Bank of Queensland (ASX:BOQ) share price is lifting today. Here’s why

The Bank of Queensland Limited (ASX: BOQ) share price is on the rise today, up 1.22% at the time of writing to $7.88 a share. 

Bank of Queensland shares are now up more than 25% over the past month alone, up more than 37% over the past 6 months, and up more than 70% since 14 May. The Bank of Queensland share price is also up 7.8% year to date.

So what’s the latest from this ASX banking share?

Just before the market open this morning, we got a market announcement from Bank of Queensland regarding a dividend payment.

This dividend is scheduled to be paid on 15 February 2021, and will go ex-dividend on 28 January. It will be for the sum of 56.41 cents a share. That would translate into a hefty 7.85% dividend yield on the current…