Sydney, June 26, 2026, 04:09 AEST
- Macquarie ended the session at A$249.99, slipping 0.05%. The S&P/ASX 200 dropped 0.68%.
- Macquarie’s dividend reinvestment price for July 2 is set at A$233.12, a 7.2% discount to Thursday’s close. The bank plans to issue new shares.
- Using a 10% reinvestment rate, about 687,000 shares would be added, or 0.18% of the current stock.
Macquarie Group Ltd (ASX:MQG) closed Thursday just 1.7% off its 52-week high, outpacing the Australian benchmark by 0.63 point. The next share flow is tied to the July 2 dividend reinvestment plan. The board plans to issue new shares for the DRP but could switch to buying them on market if needed.
Macquarie shifted its approach for this year’s final dividend reinvestment plan, selling shares to meet demand instead of buying on market as it did last year. The 2025 final DRP price landed at A$213.66. This year it’s A$233.12.
The 381,138,415 quoted shares as reported Thursday put the A$4.20 final dividend’s gross pool at around A$1.60 billion before factoring in eligibility and dividend plan choices. For every 10 percentage points of DRP takeup, about 686,700 new shares would need to be issued at the set price. The actual amount could change since neither the valid share count nor the DRP take-up rate has been made public.
The impact is expected to be minor at low DRP participation, but the headline is different now that Macquarie’s A$1.013 billion buyback is wrapped. Macquarie bought shares at an average A$189.80, picking up an estimated 5.34 million shares. If 10% of the dividend goes to the DRP, about 13% of those shares would end up back on the table.
Macquarie handled settlement of deferred share units with existing stock instead of issuing new shares, according to an employee-equity filing on Thursday. The group transferred 741,659 ordinary shares, leaving the quoted share count at 381,138,415.
Macquarie finished A$734 million in employee share plan purchases on June 19, picking up A$680.7 million off market and A$53.3 million on market. The average price came in at A$238.80, roughly 4.7% under Thursday’s close.
The stock’s rally pushed the price up near the sell-side mark. It closed Thursday A$0.15 under MarketScreener’s A$250.14 consensus from 13 analysts. Shares are up 23.15% in 2026.
Macquarie posted a 30% climb in full-year profit to A$4.847 billion in May. Simon Wright, who leads Commodities and Global Markets, said, “While volatility is welcome, prolonged volatility does tend to lead to more subdued client appetite.” Reuters
ASX cash trading was closed at the dateline before Friday’s session. Macquarie plans to pay its dividend and issue DRP shares on July 2. The group’s annual meeting is still set for July 23.
