If I invest $8,000 in Macquarie shares, how much passive income will I receive in 2027?

How much dividend cash can investors bank on next year?

Macquarie Group Ltd (ASX: MQG) shares may be one of the more popular ASX dividend options because of the company's perceived stability, dividend yield and passive income growth.

The ASX financial share typically has a decent, but lower, dividend yield compared to competitors like Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB) and Westpac Banking Corp (ASX: WBC).

Macquarie's dividend has increased in most years since 2013, with there only being a couple of years when the payout was reduced.

In the ASX financial share's recent FY26 result, the business decided to hike its annual dividend per share by 7.7% to $7 per share following a 30% increase of net profit to $4.85 billion.

In this article, we're going to look at the annual FY27 dividend, which will be paid during 2027.

Man holding out Australian dollar notes, symbolising dividends.

Image source: Getty Images

2027 dividend projection for owners of Macquarie shares

According to the projection on CMC Invest, the ASX financial share is projected to pay an annual dividend per share of $7.40 in the 2027 financial year.

At the time of writing, this forecast translates into a dividend yield of 3.1% excluding franking credits and 3.6% including franking credits.

If someone were to invest $8,000 in Macquarie, they would be able to buy 33 Macquarie shares (with a little bit of money left over).

With those 33 Macquarie shares, investors could receive $244.20 of cash and some franking credits, the level of franking credits is not known at this stage because the ASX bank share is only paying partially franked dividends.

Is this a good time to invest in the ASX bank share for passive income?

According to CMC Invest, there have been nine analyst ratings calls on the business in the last three months.

Of those nine ratings, five were buys, three were holds and one was a sell. So, the investment professionals are, on average, more positive on the appeal of the company's valuation right now.

The average price target of those nine ratings is $244.56. That means, collectively, those analysts are predicting the Macquarie share price will (at the time of writing) hardly move over the next year.

Over the past year, the Macquarie share price has been under $200, so analysts seem to think the company will hold onto its 2026 gain.

But, with low returns on offer (at the time of writing), according to the price target, there seem to be more compelling ASX shares out there to buy.

Motley Fool contributor Tristan Harrison 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 Macquarie Group. 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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