New Macquarie dividend: Here’s everything you need to know

Macquarie Group Ltd (ASX: MQG) likes to be a little bit different when it comes to its corporate schedule. Whilst most ASX 200 shares reported half-year earnings back in February or March, Macquarie has chosen to release its full-year earnings today, including the revelation of the latest Macquarie dividend, a good two months after most other ASX shares. These results cover the 12 months to 31 March 2026.

Strange calendar aside, Macquarie shares are faring a little worse than the broader market today (thus far anyway). At the time of writing, Macquarie stock is down 2.07% at just under $237 a share. That compares with the ASX 200’s current 1.67% sell-off.

This is despite some objectively solid numbers out of the ASX 200 financial stock.

As we covered earlier today, Macquarie posted a net profit after tax of $4.85 billion for the year, up a robust 30% on FY 2025’s profit. $3.19 billion of that profit came from the second half of the financial year, which was up 93% on the company’s first-half profit.

Overall, Macquarie posted earnings per share (EPS) of $12.77, up 30% on the prior year, helped by an improved return on equity metric of 14% (up from 11.2% in FY 2025).

But let’s talk about the new Macquarie dividend.

Macquarie announces massive new dividend

In a pleasing result for income investors in particular, Macquarie unveiled a monster dividend this morning. The company’s final dividend for FY 2026 will come in at $4.20 per share. That represents a 7.69% rise over last year’s final dividend of $3.90 per share. Together with December’s interim dividend of $2.80 per share, it takes Macquarie’s 12-month payouts to a flat $7 per share, a healthy 27.27% rise over the FY 2025 total of $5.50 per share.

This latest final dividend is the second-largest Macquarie has ever paid out, only topped by the $4.50 per share final dividend from 2023.

Like most Macquarie dividends, though, this payout will not come with full franking credits attached. It will be partially franked at 35%, in line with the company’s last three dividends. It represents a payout ratio of 50% of Macquarie’s profits for the half. The company’s $7 per share worth of dividends over FY2026 comes in at a payout ratio of 55%.

Investors who don’t yet own Macquarie shares (or wish to buy more) have a few days to secure this payout on any new purchases. Macquarie is scheduled to trade ex-dividend for this payout on 18 May later this month. Payment day will then roll around on 2 July.

Eligible investors also have until 20 May to elect to participate in Macquarie’s optional dividend reinvestment plan (DRP). That’s if they wish to receive additional Macquarie shares in lieu of a cash payment, of course.

At current pricing, Macquarie shares are trading on a trailing dividend yield of 2.83%. However, we can now give the company a nominal forward yield of 2.96%.

The post New Macquarie dividend: Here’s everything you need to know appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.