Macquarie Group Declares AUD 2.80 Dividend with Full DRP Option
Macquarie Group Limited has announced an ordinary dividend of AUD 2.80 per share for the half-year ending September 2025, accompanied by a fully franked component and a Dividend Reinvestment Plan available to shareholders.
- Ordinary dividend of AUD 2.80 per share for H1 2025
- Dividend is 35% franked with a 30% corporate tax rate
- Ex-dividend date set for 17 November 2025
- Dividend payment scheduled for 17 December 2025
- Dividend Reinvestment Plan (DRP) offered with no discount
Macquarie Group's Dividend Announcement
Macquarie Group Limited (ASX, MQG) has declared an ordinary dividend of AUD 2.80 per share for the six-month period ending 30 September 2025. This announcement, made on 7 November 2025, confirms the company's commitment to returning value to its shareholders amid a stable financial environment.
Dividend Details and Franking
The dividend is partially franked at 35%, reflecting a franked amount of AUD 0.98 per share. This indicates that Macquarie has paid Australian corporate tax at the prevailing rate of 30% on a portion of its earnings, providing shareholders with a tax credit. The remaining 65% of the dividend is unfranked, which is typical for companies with diverse income sources including foreign earnings.
Key Dates and Payment Schedule
Investors should note the important dates, the ex-dividend date is 17 November 2025, meaning shares purchased on or after this date will not be eligible for the dividend. The record date is 18 November 2025, determining which shareholders are entitled to receive the payment. The dividend will be paid on 17 December 2025, providing a clear timeline for investors planning their portfolios.
Dividend Reinvestment Plan (DRP) Details
Macquarie offers a Dividend Reinvestment Plan (DRP) for this dividend, allowing shareholders to reinvest their dividends into additional shares rather than receiving cash. Notably, the DRP carries no discount on the share price, and shares are expected to be acquired on the open market rather than issued new. The election deadline for participation is 19 November 2025, with the reinvestment price calculated as the average market price over an eight-business-day period starting 24 November 2025.
Implications for Shareholders
This dividend announcement underscores Macquarie's steady earnings and its strategy to maintain shareholder returns through a balanced payout and reinvestment option. The partial franking offers some tax efficiency, while the DRP provides flexibility for investors seeking to compound their holdings. As the payment date approaches, market participants will be watching closely to gauge investor uptake of the DRP and any subsequent impact on share price dynamics.
Bottom Line?
Macquarie’s dividend payout and DRP structure set the stage for shareholder engagement as the payment date nears.
Questions in the middle?
- Will Macquarie maintain or increase dividend payouts in the next reporting period?
- How will the market respond to the DRP uptake given the absence of a discount?
- What impact will the partial franking have on investor demand, especially among tax-sensitive shareholders?
