Macquarie Group Limited dividend information

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

View scheduled dates for upcoming dividends in the Calendar.

* FDA - Foreign Dividend Account

Dividend payment options, including elections regarding DRP participation may be updated via the share registry's website.

Any change to payment details, including notification of Tax File Number, must be received by the share registry by the record date of a dividend.

Payments will only be made via electronic funds transfer (EFT). Shareholders with a registered address outside Australia may elect to receive their dividends by foreign currency or to have dividends directly deposited into a nominated account held with an Australian financial institution.

Shareholders who do not provide their bank account details or elect to participate in the DRP will receive a dividend advice statement on the dividend payment date. This statement will advise them of the dividend payment amount and will note that, in the absence of direct credit instructions, 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 50 per cent to 70 per cent of net earnings. Franking is subject to the composition of income.

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.

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 make an election online via the share registry's website or contact them directly. 

A separate election must be made 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.

# 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.