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You are here:  About Macquarie > Shareholder centre > Share Information > Ordinary Shares > Dividend Reinvestment Plan

Dividend Reinvestment Plan

The Dividend Reinvestment Plan (DRP) provides ordinary shareholders with the choice of applying dividends from their ordinary shares to acquiring new fully paid ordinary shares rather than receiving dividends in cash.

On 26 June 2008, the Board announced that it had suspended the 2.5 per cent discount for the DRP, effective after the payment of the final dividend on 4 July 2008.

 Benefit Shareholders who participate may apply their dividends towards acquiring fully paid ordinary Macquarie Group shares (ASX: MQG) that do not incur brokerage.
 Eligibility Currently, only Australian and New Zealand resident shareholders are eligible to participate.
 Participation

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, you need to complete the Notice of Dividend Election you receive in the mail once you become a shareholder, and return it to the share registry. A separate notice must be lodged 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 your Notice is received by the share registry.
 Number of allotted shares Participants in the DRP will be allotted the nearest whole number of ordinary shares (rounding down). If there is a cash dividend on DRP shares left over after shares have been allotted under the DRP, this amount will be carried forward until the next dividend is paid and will be added to that dividend when the number of shares allotted under the DRP for that period is determined. These carried forward amounts will bear no interest nor carry a dividend entitlement.
 Termination or suspension

You 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.
 Terms and conditions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Market values for ordinary shares participating in the DRP

Listed below are the issue prices for shares issued under the DRP.

Shares allotted under the DRP are currently issued at the Market Value (as defined in the DRP Rules) of a fully paid ordinary Macquarie Group share.  The Market Value is the weighted average market price of ordinary Macquarie Group shares sold on the ASX on the record date for the relevant dividend and the four following business days.

Note: there was no discount on DRP allotment prices from the 2003/04 interim dividend to the 2005/06 interim dividend (inclusive) and the 2008/09 interim dividend.

 08/09 Interim  $29.06
 07/08 Final  $50.95 *
 07/08 Interim  $68.38 *
 06/07 Final  $86.44 *
 06/07 Interim  $70.23 *
 05/06 Final  $63.60 *
 05/06 Interim  $67.77
 04/05 Special  $51.27
 04/05 Final  $51.27
 04/05 Interim  $44.25
 03/04 Final  $33.46
 03/04 Interim  $34.04
 02/03 Special  $27.02 *
 02/03 Final  $27.02 *
 02/03 Interim  $22.86 *
 01/02 Final  $29.60 *

 

 

 

 

 

 

 


 

 

 

* Allotment prices calculated as the Market Value less a discount of 2.5 per cent. 
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