With Australian consumers and businesses reeling after 11 interest rates rises in the past year, resilience is critical when buying ASX shares right now.

The team at QVG Capital agrees, saying in a recent memo to clients that it’s currently keen on investing in companies that can maintain earnings growth through difficult economic times.

“Examples of these sorts of stocks include Lovisa Holdings Ltd (ASX: LOV), Corporate Travel Management Ltd (ASX: CTD) and regional construction materials and commercial property developer Maas Group Holdings Ltd (ASX: MGH),” read the memo.

“The commonality among all these companies is that we believe they can generate double-digit, organic, through-the-cycle earnings growth.”

Don’t fall for the svengali chief executive

So how does one spot these resilient businesses?

For one, the QVG team has “a strong preference” for founder-led businesses.

“Or, in the case of Lovisa, ones where a major shareholder is actively engaged in the business,” the memo read.

“We tend to find companies with founders or ‘motivated insiders’ at the helm or on the board are more rational and patient when it comes to capital allocation.”

The analysts confessed that they have made grave mistakes in the past becoming dazzled by “professional CEOs with a mandate for growth”.

“Their short tenures, lack of true alignment and asymmetric incentive structures (heads I win, tails you lose) means they’re more likely to push too hard for growth, sometimes via transformative acquisition,” read the memo.

“We’ve learnt the hard way a ‘transformative’ acquisition often means we should ‘transform’ off the register.”

Are you sick of Zoom? You’re not the only one

Corporate Travel Management is a stock that the QVG team has “materially increased” its position in over the past month.

“The past 5 years have not been easy for CTD as they were hit with a much publicised short-report and then COVID. 

“Despite this they were the only large-listed travel company to not raise capital through COVID and are now poised to deliver earnings per share 25% ahead of pre-COVID levels.”

According to the QVG memo, travel is conventionally “a GDP-plus” industry.

And business travellers are itching to take off at the moment.

“With many of our portfolio companies flagging the limitations of Zoom for winning business and collaboration, we believe Corporate Travel Management can sustain high levels of organic revenue and earnings growth in the future as corporate travel continues to recover.”

Corporate Travel shares have risen an impressive 39% year to date.

The post ‘We’ve learnt the hard way’: 3 ASX shares that can grow in tough times appeared first on The Motley Fool Australia.

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More reading

• Why these ASX 300 retail shares could be immune to rising interest rates
• 2 ASX travel shares poised for a massive 2023
• ‘Under the radar success’: 3 quality ASX 200 growth shares to buy right now
• These were the best-performing ASX 200 shares in April
• These ASX 200 growth shares could generate big returns: broker

Motley Fool contributor Tony Yoo has positions in Corporate Travel Management. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa. The Motley Fool Australia has recommended Corporate Travel Management and Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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A couple of gold coins likely won’t get you much these days. But I reckon with just $3 a day, I could build a portfolio of S&P/ASX 200 Index (ASX: XJO) shares capable of providing more than $300 of monthly dividend income.

And all it would take to execute my plan is consistency, time, and patience.

How I’d turn $3 a day into $370 of monthly dividend income

Albert Einstein once called compound interest “the eighth wonder of the world”. Indeed, it’s a pretty incredible phenomenon.

Compounding, to put it simply, is realising gains on your gains. By realising small returns over a long period of time, wealth can compound to an astronomical extent.

By taking advantage of compounding, I believe I could turn $3 each day – or around $1,000 a year – into a reliable income by investing in ASX 200 dividend shares.

Let’s do the math

The average ASX 200 share also offered a 4.61% dividend yield at the end of April, according to S&P Global data.

Of course, past performance isn’t an indicator of future performance. But let’s just assume the index will continue providing dividends at that same rate for the next 30 years.

By setting aside $3 a day and investing the resulting cash in ASX 200 shares once a year, also reinvesting all the dividends I receive in that time, I could boast a portfolio worth around $72,300 by the year 2043. That’s not bad, considering I’d have invested just $32,850 in that time.

At that point, my figurative portfolio could be bringing in around $278 of dividend income a month – assuming my annual yield stays at 4.61%.

And that’s also before considering any share price gains I might also realise.

The ASX 200 has boasted an annualised capital return of around 4.1% since April 2018. I reckon that could push my monthly dividend income way higher than my $300 target.

Though, these equations haven’t considered a number of important factors, such as brokerage fees or tax. Not to mention, no investment is guaranteed to provide returns.  

Still, the returns that can feasibly be realised from a consistent and long-term investing strategy are eye-opening.

What if you’re not that into stock picking…

Of course, not every investor will have the time and patience to diligently build their portfolio from scratch. It’s also worth noting that building a portfolio in small increments isn’t likely conducive to diversification.

Fortunately, investing in exchange-traded funds (ETFs) like the Betashares Australia 200 ETF (ASX: A200) can provide exposure to the entire index with just one purchase.

The post Investing just $3 a day in ASX 200 shares could provide $300 of monthly dividend income. Here’s how appeared first on The Motley Fool Australia.

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More reading

• The cheapest index fund on the ASX revealed

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

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When it comes to generating passive income from ASX shares, there a few options more popular than BHP Group Ltd (ASX: BHP) shares.

Every year, the Big Australian rewards its shareholders by paying them big dividends.

And while the amount that is returned will vary depending on commodity prices in a particular year, when times are good, this can amount to tens of billions of dollars being returned to shareholders in total.

The good news for passive income seekers is that times are relatively good right now. Sure, commodity prices aren’t as strong as they were a couple of years ago, but they are high enough to underpin some generous payouts from the mining giant. But just how generous?

How much passive income will BHP shares generate?

For our example, we’re going to imagine that we have $10,000 waiting in the wings, ready to be invested in BHP shares.

Based on its current share price of $44.05, if you were to invest that amount, you will end up owning 227 shares.

Now onto the passive income. A recent note out of Goldman Sachs reveals that its analysts are forecasting fully franked dividends per share of US$2.05 in FY 2023 and then US$1.63 in FY 2024.

This currently equates to A$3.04 per share and A$2.42 per share at current exchange rates, which represents dividend yields of 6.9% and 5.5%, respectively.

Based on the above, your $10,000 investment would yield passive income of approximately $690 in FY 2023 and $550 in FY 2024. Though, it is worth noting that BHP has already paid its interim dividend this year.

But the returns may not stop there. Goldman Sachs has a buy rating and $49.90 price target on BHP’s shares.

If its shares were to reach that level, your $10,000 investment would be valued at approximately $11,330. And that doesn’t include any passive income you would receive in the meantime.

Overall, based on the above, I don’t think it is overly surprising that BHP shares are popular with income investors.

The post If I invest $10,000 in BHP shares how much passive income will I receive? appeared first on The Motley Fool Australia.

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More reading

• Analysts name 2 ASX 200 dividend shares to buy for passive income
• 4 ASX 200 shares just upgraded by brokers
• Why the iron ore price is ‘not out of the danger zone’
• Why Goldman Sachs just slapped a buy rating on BHP shares
• Investing for passive income? Here’s your dividend yield if you bought BHP shares in July

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

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Warren Buffett has one of the best investment track records that you will ever see.

Over several decades, the Oracle of Omaha has delivered incredible returns for Berkshire Hathaway (NYSE: BRK.B) shareholders.

For example, according to the company’s most recent letter to shareholders, Buffett has overseen an average 19.8% per annum increase in Berkshire’s book value since all the way back in 1965.

This means that Berkshire Hathaway has returned a massive 3,787,464% over the period of almost six decades.

To put that into context, a single investment of just $1 would have turned into almost $3.8 million!

How did Buffett do it?

One of the keys to Buffett’s success has been down to his penchant for buying companies with wide economic moats.

Back in 2007, he explained why moats are important when he makes investments. He said:

A truly great business must have an enduring ‘moat’ that protects excellent returns on invested capital. The dynamics of capitalism guarantee that competitors will repeatedly assault any business ‘castle’ that is earning high returns.

Therefore a formidable barrier such as a company’s being the low-cost producer (GEICO, Costco) or possessing a powerful world-wide brand (Coca-Cola, Gillette, American Express) is essential for sustained success. Business history is filled with ‘roman candles’, companies whose moats proved illusory and were soon crossed.

Invest like the Oracle of Omaha with this ASX share

The good news for investors is that if they want to try and grow their wealth enormously like Buffett has done, they can follow in his footsteps with one ASX share.

That share is the VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT).

This exchange-traded fund (ETF) has been designed to replicate Warren Buffett’s investment style. It gives investors access to a diversified portfolio of companies with sustainable competitive advantages and fair valuations.

Over the last 10 years, the index that the fund tracks has generated a return of 19.14% per annum. This is approximately double the market return and in-line with Buffett’s long-term returns. Surely that isn’t a coincidence!

To put this return into context, it would have turned a $50,000 investment into almost $290,000 today.I feel this demonstrates why following Warren Buffett’s lead with ASX shares could help you grow your wealth enormously over the long term.

The post Invest like Warren Buffett with this ASX share to grow your wealth enormously appeared first on The Motley Fool Australia.

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More reading

• 2 top ASX ETFs I’d buy with the goal of long-term capital growth
• Worried about a recession? Here’s why these investors are backing Warren Buffett
• How I’d invest $20k in ASX stocks today to target serious wealth
• Want a possible $1 million in retirement? Invest $50,000 each in these 3 ASX shares and wait a decade
• Buy and hold these 3 ASX ETFs for a decade

Motley Fool contributor James Mickleboro 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 Berkshire Hathaway. The Motley Fool Australia has recommended Berkshire Hathaway and VanEck Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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ASX lithium shares and ASX graphite shares dominated the ASX 200 on Friday.

Five of the 10 best-performing shares were battery materials producers or explorers.

Leading the pack was graphite miner Syrah Resources Ltd (ASX: SYR). Syrah had a share price gain of 6.35% to $1.017.

Syrah owns the biggest natural graphite deposit in the world — the 350 ktpa Balama mine in Mozambique.

It is also building a downstream processing plant in Louisiana in the United States, where it intends to produce graphite-based active anode material for the North American lithium battery supply chain.

Demand for graphite is expected to soar as the world continues to decarbonise.

Graphite is key for the anode part of a lithium battery. Lithium is key for the cathode part.

Last week, Syrah announced it had completed a definitive feasibility study (DFS) to expand its Louisiana plant from 11 ktpa to 45 ktpa.

Next was junior lithium explorer Lake Resources N.L. (ASX: LKE) with a share price bump of 4.2% to 50.5 cents.

Then it was lithium producer Pilbara Minerals Ltd (ASX: PLS) up 4% to $4.39. Fellow producer Allkem Ltd (ASX: AKE) was next, with its shares up 3.7% to $12.45.

Lithium explorer Liontown Resources Ltd (ASX: LTR) rounded out the five ASX lithium shares, up 3.6% to $2.84.

Why are ASX lithium shares dominating on Friday?

Lithium commodity prices have been on a steady decline since peaking in November 2022.

The primary catalyst for the fall was China ceasing cash subsidies for people who bought electric vehicles (EVs).

This reduced demand for EVs and their battery components for a period.

Suppliers with large inventories of lithium batteries began selling them for heavy discounts. This put a further drag on commodity prices.

The lithium carbonate price reached a 19-month low of just under US$24,000 last week.

However, there’s been something of a turnaround since the big news from Chile last week.

The government of the world’s second-largest producing country announced it will nationalise its industry and take a controlling stake in all new producers.

This may have ramifications for the supply chain and encourage customers to shop elsewhere for lithium.

Trading Economics analysis says Chile’s decision to nationalise “is expected to hamper long-term output growth …”.

Since 24 April, the lithium carbonate price has rebounded to above US$26,000 per tonne. This is the first sizeable increase since November 2022.

There has been no official news relating to any of these ASX lithium shares and graphite shares today.

Therefore, it is likely this new momentum in commodity prices caused today’s share price increases.

The post Why did ASX lithium shares dominate the market on Friday? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why ANZ, Block, Pilbara Minerals, and SSR Mining shares are storming higher
• 3 ASX 200 mining stocks leaping to new 52-week highs today
• Buy Pilbara Minerals and these ASX growth shares for 40%+ returns: analysts
• Goldman Sachs is selling off its Liontown shares. Here’s the lowdown

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

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The S&P/ASX 200 Index (ASX: XJO) broke a three-day losing streak on Friday, lifting 0.37% to close at 7,220 points. That leaves it 1.22% lower week-on-week.

Today’s gains were driven by the S&P/ASX 200 Real Estate Index (ASX: XRE), which rose 2%.

The S&P/ASX 200 Financials Index (ASX: XFJ) also ended the day 0.3% higher amid earnings from market giants Macquarie Group Ltd (ASX: MQG) and ANZ Group Holdings Ltd (ASX: ANZ).

The Macquarie share price slumped 0.2% on the bank’s full-year earnings, while stock in ANZ lifted 1.4% after the smallest of the big four posted its half-year results.

But it wasn’t a good day for all sectors. The S&P/ASX 200 Information Technology Index (ASX: XIJ) fell 0.3% despite the Block Inc (ASX: SQ2) share price gaining 3.3% on the company’s quarterly results.

So, with all that considered, let’s take a look at which ASX 200 share took out the top spot on the index on Friday.

Top 10 ASX 200 shares countdown

The Brainchip Holdings Ltd (ASX: BRN) share price posted the biggest gain of all ASX 200 stocks today, rising 8.9%. That’s despite no news having been released by the artificial intelligence-focused software developer.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Brainchip Holdings Ltd (ASX: BRN)	$0.43	8.86%
Syrah Resources Ltd (ASX: SYR)	$1.015	7.41%
Inghams Group Ltd (ASX: ING)	$2.96	4.59%
Lake Resources NL (ASX: LKE)	$0.50	4.17%
Pilbara Minerals Ltd (ASX: PLS)	$4.40	4.02%
Johns Lyng Group Ltd (ASX: JLG)	$6.76	3.84%
Allkem Ltd (ASX: AKE)	$12.44	3.75 %
Liontown Resources Ltd (ASX: LTR)	$2.85	3.64%
Block Inc (ASX: SQ2)	$93.20	3.35%
Paladin Energy Ltd (ASX: PDN)	$0.635	3.25%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Why ANZ, Block, Pilbara Minerals, and SSR Mining shares are storming higher
• 3 ASX 200 mining stocks leaping to new 52-week highs today
• Block share price charges higher on strong Q1 result and guidance
• Buy Pilbara Minerals and these ASX growth shares for 40%+ returns: analysts
• Goldman Sachs is selling off its Liontown shares. Here’s the lowdown

Motley Fool contributor Brooke Cooper 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 Block and Johns Lyng Group. The Motley Fool Australia has positions in and has recommended Block and Macquarie Group. The Motley Fool Australia has recommended Johns Lyng Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) is having a better session on Friday. In afternoon trade, the benchmark index is up 0.3% to 7,215.3 points.

Four ASX shares that are climbing more than most are listed below. Here’s why they are rising:

ANZ Group Holdings Ltd (ASX: ANZ)

The ANZ share price is up 2% to $23.92. Investors have been buying this banking giant’s shares after it impressed with a record half-year cash profit. ANZ’s first-half cash earnings from continuing operations came in 12% higher at $3,821 million thanks to solid performances across the board. This allowed the bank to declare an 81 cents per share fully franked dividend.

Block Inc (ASX: SQ2)

The Block share price is up almost 3% to $92.68. This has been driven by the release of a strong quarterly update from the payments giant. For the first quarter, Block reported a 32% increase in gross profit to US$1.71 billion. This was driven by a 49% increase in Cash App gross profit to US$931 million and a 16% lift in Square gross profit to US$770 million.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is up almost 4% to $4.39. Investors have been buying Pilbara Minerals and other ASX lithium shares today despite there being no news out of them. However, there is optimism around the market that lithium prices may have bottomed now after some recent positive movements.

SSR Mining Inc (ASX: SSR)

The SSR Mining share price is up 8.5% to $25.02. This follows the release of the gold miner’s quarterly update this morning. SSR had a solid quarter, reporting an operating performance in line with expectations. In light of this, management believes it is on track to achieve its guidance for the full year.

The post Why ANZ, Block, Pilbara Minerals, and SSR Mining shares are storming higher appeared first on The Motley Fool Australia.

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• Banking crisis continues: What’s up (and down) with ASX 200 bank shares today?
• Everything you need to know about the 81 cents ANZ dividend
• ANZ shares gain as simplification strategy pays off
• Block share price charges higher on strong Q1 result and guidance
• Buy Pilbara Minerals and these ASX growth shares for 40%+ returns: analysts

Motley Fool contributor James Mickleboro 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 Block. The Motley Fool Australia has positions in and has recommended Block. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a positive note. At the time of writing, the benchmark index is up 0.35% to 7,218.2 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are falling:

Alumina Limited (ASX: AWC)

The Alumina share price is down 1% to $1.49. This decline appears to have been driven by a note out of Citi. That note reveals that its analysts have downgraded the alumina producer to a sell rating with a $1.50 price target. This follows production issues and alumina price weakness.

New Hope Corporation Limited (ASX: NHC)

The New Hope share price is down almost 2.5% to $5.07. This is despite there being no news out of the miner. However, it is worth noting that most coal miners are under pressure on Friday and are weighing on the performance of the energy sector.

Virgin Money UK (ASX: VUK)

The Virgin Money share price is down over 5% to $2.75. A disappointing first half update has been weighing on this UK bank’s shares. Virgin Money fell short of expectations due to higher costs and bad debts.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan Energy share price is down 16% to $5.15. Investors have been selling this lithium developer’s shares after it completed a capital raising. The company has raised 66 million euros (A$109 million) via a fully underwritten institutional placement at $5.10 per new share. This represents a 17.2% discount to its last close price. The proceeds will be used to progress Vulcan’s integrated renewable energy and lithium project execution strategy, as well as phase two project development activities.

The post Why Alumina, New Hope, Virgin Money, and Vulcan Energy shares are falling appeared first on The Motley Fool Australia.

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• Why is the Vulcan Energy share price crashing 17% today?
• ASX 300 lithium stock Vulcan Energy halted amid cap raise
• Directors are still buying the dip in New Hope shares. Should you?
• How I’d invest $1,000 in May to make easy passive income
• ASX 200 dividend stocks: Here’s a diamond in the rough yielding 18%!

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

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After a wobbly start to Friday’s session, the S&P/ASX 200 Index (ASX: XJO) appears to be on track to end a three-day losing streak, helped by these mining stocks.

They’ve each rocketed to trade at their highest points in a year, with two even surpassing their all-time record highs.

Right now, the ASX 200 is up 0.34% at 7,217.4 points.

So, what’s put the wind under these mining stocks’ sails? Let’s take a look.

3 ASX 200 mining shares posting new 52-week highs on Friday

Liontown Resources Ltd (ASX: LTR)

The biggest gain of the three stocks reaching long-forgotten heights today comes from lithium miner Liontown Resources.

Its share price soared 4% earlier today to peak at $2.86 – the highest it’s ever been.

Interestingly, there’s been no news from the company since Tuesday. Then, it rebuffed reports it had been approached by a new suitor following the $2.50 takeover bid put to it by industry giant Albemarle in March.

Gold Road Resources Ltd (ASX: GOR)

Joining the lithium miner in the green are shares in gold producer Gold Road.

The company’s share price climbed 2.3% to a record high of $1.98 in afternoon trade.

Like Liontown before it, there’s been no news from the ASX 200 mining company to explain its stock’s gains.

Though, the price of gold lifted once more overnight. The yellow metal’s spot price is currently US$2,057.70 an ounce, according to CNBC. That’s just a touch off its all-time high.

The metal’s value appears to be surging in response to the ongoing US regional banking crisis, which has likely left some investors jittery about the broader economy. Such concerns have likely led many to snap up the traditional safe-haven asset.

Evolution Mining Ltd (ASX: EVN)

Finally, fellow ASX 200 gold stock Evolution Mining is also reaching long-forgotten heights today.

The company’s share price rose 2.6% to peak at $3.97 this afternoon – the highest it’s been since 12 months ago to the day.

Continuing the theme, there’s been no updates from Evolution Mining today. Its shares are likely also being driven higher by the rising price of gold.

The post 3 ASX 200 mining stocks leaping to new 52-week highs today appeared first on The Motley Fool Australia.

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More reading

• Goldman Sachs is selling off its Liontown shares. Here’s the lowdown
• Here are the top 10 ASX 200 shares today
• 5 things to watch on the ASX 200 on Thursday
• Here are the top 10 ASX 200 shares today
• Why are ASX 200 gold shares going gangbusters today?

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

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Looking to bag the boosted Macquarie Group Ltd (ASX: MQG) dividend?

Here’s what you need to know.

Macquarie dividend increased by 29%

The diversified S&P/ASX 200 Index (ASX: XJO) financial stock released its full year results for the year ended 31 March (FY23) this morning.

With net profits up 10% from FY22 to $5.18 billion, the final Macquarie dividend came in at $4.50 per share, 40% franked.

That’s up a welcome 29% from the $3.50 final dividend the company paid last year. And it represents a half year payout ratio of 60%.

It also brings the full year dividend to $7.50 per share, all 40% franked. Or some $2.9 billion returned to shareholders over the 12 months.

The full year dividends are up from a total Macquarie dividend payment of $6.22 in FY22. And it works out to  a full year FY23 payout ratio of 56%.

The company’s dividend policy remains at a 50-70% annual payout ratio.

At the current share price of $177.86, the total dividend payment equates to a yield of 4.2%. With the partial franking credits thrown in, that represents some handy passive income for shareholders.

Not a shareholder yet?

If you don’t own stock yet but are looking to score the $4.50 per share final Macquarie dividend, you’ll need to own shares at market close on Friday, 12 May.

The stock trades ex-dividend on Monday, 15 May.

Eligible investors can expect that passive income to hit their bank accounts on 4 July.

Macquarie also offers a dividend reinvestment plan (DRP) to investors who prefer that over receiving cash dividends.

The DRP election date is Wednesday 17 May 17.

Macquarie expects that all the shares allocated under its DRP will be acquired on market. However, the company noted that shares will be issued “if purchasing becomes impractical or inadvisable”.

Shareholders who are residents of Australia and New Zealand are eligible to participate in the Macquarie dividend reinvestment plan.

The post Everything you need to know about the boosted Macquarie dividend appeared first on The Motley Fool Australia.

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More reading

• Banking crisis continues: What’s up (and down) with ASX 200 bank shares today?
• Macquarie share price falls despite 10% leap in profits to $5.2 billion
• 5 things to watch on the ASX 200 on Friday
• 3 ASX 200 bank shares to go ‘long and bullish’ on right now
• Should I snap up Macquarie shares ahead of this week’s full-year results?

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

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