Macquarie drops Monday as dividend looms, ASX losses widen
Macquarie Group ended Monday at A$236.55, slipping as the shares traded ex-dividend and the Australian market fell to a seven-week low. The stock moved between A$234.88 and A$238.82, according to Google Finance. Timing was key. Macquarie shares went ex-dividend on Monday, so new buyers missed out on the declared payout. The FY26 final dividend is A$4.20 per share, with 35% of it franked. That’s the portion carrying Australian tax credits. The record date is May 19. Payment is set for July 2.