Do you wish to receive the next dividend from Macquarie Group Ltd (ASX: MQG) shares? Well, you'd better hurry up if you don't already own shares of the ASX's 'fifth bank'.
Like its major four banking brethren, Macquarie is no stranger to paying a dividend.
Even though this bank is a little different from your Westpac Banking Corp (ASX: WBC)s and Commonwealth Bank of Australia (ASX: CBA)s, with its international earning base and strong asset management business, Macquarie has still lived up to its banking reputation in recent years.
In 2021, Macquarie doled out its second-largest annual dividend in its history, gifting shareholders dividends worth a total of $6.07 per share. Those were made up of a final dividend of $3.35 per share and an interim dividend of $2.72 per share, both partially franked at 40%.
Only 2019's total of $6.10 per share tops last year's dividends.
This year's final dividend was a different story, though. Back in July, Macquarie gave investors a final dividend of $1.40 per share. This was a hefty drop from the $3.35 per share that investors enjoyed last year. However, this payment did come fully franked.
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But what about Macquarie's next dividend?
Well, the ASX bank share is scheduled to pay out its next interim dividend next month on 13 December, just in time for some last-minute Christmas shopping. It will be a dividend worth $3 a share, and partially franked at 40% again.
So it seems 2022's dividend total of $4.40 per share won't be as good as 2021's bumper haul. But even so, it gives Macquarie shares a forward yield of 2.63% today.
But, as we mentioned earlier, investors will need to be quick if they want to secure this latest dividend. That's because Macquarie is scheduled to go ex-dividend for this payment on Monday next week. That means that if investors don't own Macquarie shares by the end of this trading day, they will miss out.
When a company trades ex-dividend, any new investors are cut off from being eligible to receive said dividend.
As such, we normally see a share price drop on the day a company trades ex-dividend, reflecting this loss of value for new investors going forward. We will probably see this happen with Macquarie share next week.
