You do realise paying the consistent dividend when profits...

You do realise paying the consistent dividend when profits aren't growing isn't a good thing?

If you do a little digging into the past they have paid between 80-90% of profits over the last 5 or 6 years which means they have little to re invest back into the business to maintain normal operations let alone 'transformational' projects.
On top of a number of poor decisions including buying the rock bank in central Queensland then closing all it's branches and office there doesn't make sense, you don't retain farmers/customers that can't go to a physical location.
High growth in loans portfolio over the last few years but profits hasn't grown? That indicates to me they are growing the book at marginal or no profit.
The wealth side looks a disaster if you go on their website it no longer shows fund returns less than a year and data on reports seems to be outdated. How can you have a FUM business that is 'growing' but profit contributing less than previously?

DYOR, for me it's clear why instos and analyst steer away.