Magellan’s Deal Rally Meets an Excelsior Dividend Crash in a Wild Week for Finance Stocks
2:14pm on Saturday 7th of March, 2026 AEDT
Key Points
Excelsior Capital (ASX:ECL) fell <span class="text-danger"><i class="ci-trending-down me-1"></i>-70.27%</span> after the stock reopened sharply lower, even as it confirmed a fully franked special dividend.
Magellan Financial Group (ASX:MFG) jumped <span class="text-success"><i class="ci-trending-up me-1"></i>36.52%</span> as investors priced in its $1.6b Barrenjoey tie-up and a $130m placement to fund it.
Findi Limited (ASX:FND) climbed <span class="text-success"><i class="ci-trending-up me-1"></i>30.62%</span> after raising $25m to cut debt and accelerate its India ATM rollout.
Several income-focused names kept cash coming (CBA, IAG, Sandon, MFF), but price moves showed investors still care about timing and certainty.