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Macquarie Group Limited dividend information

FY20 final dividend

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FY20 final dividend per ordinary share: $A1.80 per share (40% franked)
Ex-dividend date: 18 May 2020
Record date: 19 May 2020
Payment date: 3 July 2020
DRP allocation price: 1.5% discount to the prevailing market price1
Election date: 20 May 2020 at 5:00pm AEST

Payments

Dividends are paid in early July and mid December each year.

View scheduled dates for upcoming dividends in the Calendar.

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Dividend Dividends per fully paid ordinary share (AU cents) Franked amount Applicable tax rate for franked amounts Record date (dd/mm/yy) Payment date (dd/mm/yy)
19/20 Final 180 40% 30% 19/05/2020 03/07/2020
19/20 Interim 250 40% 30% 12/11/2019 18/12/2019
18/19 Final 360 45% 30% 14/05/2019 03/07/2019
18/19 Interim 215 45% 30% 13/11/2018 18/12/2018
17/18 Final 320 45% 30% 15/05/2018 03/07/2018
17/18 Interim 205 45% 30% 08/11/2017 13/12/2017
16/17 Final 280 45% 30% 17/05/2017 03/07/2017
16/17 Interim 190 45% 30% 09/11/2016 14/12/2016
15/16 Final 240 40% 30% 18/05/2016 04/07/2016
15/16 Interim 160 40% 30% 11/11/2015 16/12/2015
14/15 Final 200 40% 30% 20/05/2015 02/07/2015
14/15 Interim 130 40% 30% 14/11/2014 16/12/2014
13/14 Final 160 40% 30% 16/05/2014 02/07/2014
13/14 Interim 100 40% 30% 15/11/2013 12/12/2013
12/13 Final 125 40% N/A 17/05/2013 02/07/2013
12/13 Interim 75 0% N/A 09/11/2012 12/12/2012
11/12 Final 75 0% N/A 11/05/2012 02/07/2012
11/12 Interim 65 0% N/A 11/11/2011 14/12/2011
10/11 Final 100 0% N/A 13/05/2011 04/07/2011
10/11 Interim 86 0% N/A 12/11/2010 15/12/2010
09/10 Finals 100 0% N/A 14/05/2010 02/07/2010
09/10 Interim 86 0% N/A 13/11/2009 16/12/2009
08/09 Final 40 60% 30% 15/05/2009 03/07/2009
08/09 Interim 145 80% 30% 28/11/2008 19/12/2008
07/08 Final 200 100% 30% 30/05/2008 04/07/2008
07/08 Interim 145 100% 30% 09/01/2008 30/01/2008
06/07 Final 190 100% 30% 25/05/2007 04/07/2007
06/07 Interim 125 100% 30% 24/11/2006 15/12/2006
05/06 Final 125 100% 30% 26/05/2006 05/07/2006
05/06 Interim 90 90% 30% 25/11/2005 16/12/2005
04/05 Special 40 90% 30% 27/05/2005 01/07/2005
04/05 Final 100 90% 30% 27/05/2005 01/07/2005
04/05 Interim 61 90% 30% 26/11/2004 17/12/2004
03/04 Final 70 90% 30% 28/05/2004 02/07/2004
03/04 Interim 52 90% 30% 25/11/2003 19/12/2003
02/03 Special 50 100% 30% 23/05/2003 02/07/2003
02/03 Final 52 100% 30% 23/05/2003 02/07/2003
02/03 Interim 41 85% (FDA 11%) 30% 29/11/2002 20/12/2002
01/02 Final 52 70% 30% 07/06/2002 02/07/2002
01/02 Interim 41 70% 30% 03/12/2001 19/12/2001
00/01 Final 52 70% (FDA 3%) 30% 08/06/2001 03/07/2001
00/01 Interim 41 70% (FDA 8%) 34% 01/12/2000 20/12/2000
99/00 Final 52 65% 34% 09/06/2000 04/07/2000
99/00 Interim 34 65% 36% 26/11/1999 21/12/1999
98/99 Final 38 100% 36% 11/06/1999 02/07/1999
98/99 Interim 30 100% 36% 01/12/1998 22/12/1998
97/98 Final 30 100% 36% 17/06/1998 02/07/1998
97/98 Interim 21 100% 36% 02/12/1997 23/12/1997
96/97 Final 25 100% 36% 17/06/1997 02/07/1997
96/97 Interim 18 100% 36% 17/12/1996 08/01/1997

* FDA - Foreign Dividend Account

Dividend payment options, including elections regarding DRP participation may be updated via the Link Market Services website.

Any change to payment details must be received by Boardroom Pty Limited by the record date of a dividend.

Australian registered shareholders may elect to have dividends directly deposited into a nominated account or to participate in the Dividend Reinvestment Plan (DRP).

Shareholders with a registered address outside Australia may elect to receive their dividends by cheque (in Australian dollars only) or to have dividends directly deposited into a nominated Australian dollar bank account.

Shareholders who do not provide their bank account details or elect to participate in the DRP will be sent a dividend advice statement on the dividend payment date advising the dividend payment amount and noting that, as direct credit instructions had not been advised, the amount will be held.

Dividends will not accrue interest while they are being held. Following advice of direct credit instructions, payment will be credited into the nominated account.

Shareholders should note that payments are made on a periodic basis and not on immediate receipt of a completed Direct Credit Payment Form.

Macquarie Group Limited targets an annual ordinary dividend payout ratio in the range of 60 per cent to 80 per cent of net earnings. Franking is subject to the composition of income.

Dividend Reinvestment Plan (DRP)

The DRP provides shareholders with the opportunity to apply dividends from their ordinary shares towards the acquisition of new fully paid ordinary shares rather than receiving dividends in cash.

On 7 May 2020 the Board determined that a 1.5% discount will apply to shares allocated under the DRP, effective from the 2020 final ordinary dividend.

Shareholders who are residents of Australia and NZ are eligible to participate in the DRP.

Eligible shareholders may apply to participate in the DRP with respect to all or part of their holding. Shareholders who wish to partially participate in the DRP may nominate a specific number of shares to which they wish the DRP to apply.

To participate in the DRP, shareholders can complete the Notice of Dividend Election received in the mail on becoming a shareholder, make an election online via the Link Market Services website or contact them directly. 

A separate notice must be lodged for each shareholding account. Participation in the DRP will commence with the dividend payment relating to the first record date which is after the date the election notice is received by the share registry.

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Dividend DRP Price ($A) Allocation date (dd/mm/yy)
20/21 Final $110.47 03/07/2020
19/20 Interim $135.47 18/12/2020
18/19 Final $121.45 03/07/2019
18/19 Interim $113.86 18/12/2018
17/18 Final $115.35 03/07/2018
17/18 Interim $98.54 13/12/2017
16/17 Final $88.79 03/07/2017
16/17 Interim $83.50 14/12/2016
15/16 Final $73.55 04/07/2016
15/16 Interim $82.38 16/12/2015
14/15 Final $80.14 02/07/2015
14/15 Interim $57.79# 16/12/2014
13/14 Final $59.94 02/07/2014
13/14 Interim $54.50 12/12/2013
12/13 Final $43.38 02/07/2013
12/13 Interim $30.40 12/12/2012
11/12 Final $26.02 02/07/2012
11/12 Interim $23.64 14/12/2011
10/11 Final $34.60 04/07/2011
10/11 Interim $36.36 15/12/2010
09/10 Final $45.55 02/07/2010
09/10 Interim $47.77* 16/12/2009
08/09 Final $33.24* 03/07/2009
08/09 Interim $29.06 19/12/2008
07/08 Final $50.95 04/07/2008
07/08 Interim $68.38* 30/01/2008
06/07 Final $86.44* 04/07/2007
06/07 Interim $70.23 15/12/2006
05/06 Final $63.60* 05/07/2006
05/06 Interim $67.77 16/12/2005
04/05 Special $51.27 01/07/2005
04/05 Final $51.27 01/07/2005
04/05 Interim $44.25 17/12/2004
03/04 Final $33.46 02/07/2004
03/04 Interim $34.04 19/12/2003
02/03 Special $27.02* 02/07/2003
02/03 Final $27.02* 02/07/2003
02/03 Interim $22.86* 20/12/2002
01/02 Final $29.60* 02/07/2002

# DRP allotment price was the market value less a discount of 1.5%.

* DRP allotment price for these periods was the market value less a discount of 2.5%.

Currently, only Australian and New Zealand resident shareholders are eligible to participate.

Shareholders who participate may apply their dividends towards acquiring fully paid ordinary Macquarie Group shares (ASX: MQG) that do not incur brokerage.

Shareholders may vary or withdraw from the DRP by completing the Notice of Variation available from the share registry.

On termination or suspension of the DRP, any carried forward residual amounts will be paid to the participant. Payments are batched and processed quarterly.

Shares allocated under the DRP are currently determined by the Market Value (as defined in the DRP Rules) of a fully paid ordinary Macquarie Group share. 

The Market Value is the amount which is the arithmetic average of the daily volume weighted average price of all shares sold on the ASX over the number of business days determined by the Directors from time to time, commencing by the fourth business day after the election date for the relevant dividend.

Participants in the DRP will be allocated the nearest whole number of ordinary shares (rounding down). 

If there is a cash dividend left over after shares have been allocated under the DRP, this amount will be carried forward until the next dividend is paid. It will be added to the next dividend when the number of shares allocated under the DRP for that period is determined. These carried forward amounts will bear no interest nor carry a dividend entitlement.

Special dividends

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Dividend Dividends per fully paid ordinary share (AU cents) Franked amount Applicable tax rate for franked amounts Record date (dd/mm/yy) Payment date (dd/mm/yy)
04/05 Special 40 90% 30% 27/05/2005 01/07/2005
02/03 Special 50 100% 30% 23/05/2003 02/07/2003

On 12 December 2013, Macquarie shareholders approved the distribution to eligible shareholders of one stapled security Sydney Airport (SYD) for each Macquarie ordinary share held. The distribution was apportioned between a capital return and a special dividend based on a split of 69% and 31%, respectively. The record date for the entitlement to the SYD distribution was 20 December 2013.

The distribution was calculated at the SYD closing share price of $A3.73 on 10 January 2014 and the two components included:

  • a reduction of capital of $A2.5737 per ordinary share, resulting in a reduction in cost base per MQG share
  • a special dividend of $A1.1563 per ordinary share, franked at 40%

Following the distribution, Macquarie shareholders were required to perform a share consolidation on a 0.9438 for one basis to adjust for the capital reduction.

Please refer to Section 5 of the Notice of Meeting for further information on the tax implication following the Sydney Airport distribution.

1. The DRP pricing period is from 25 May 2020 to 5 June 2020. Determined in accordance with the DRP rules as the average of the daily volume weighted average price of Macquarie Group shares sold through normal trade on the ASX trading system over the ten business days from 25 May 2020 to 5 June 2020.