Macquarie Group Ltd MQG Nathan Zaia - Senior Equity Analyst - Morningstar Inc.

Historical Dividends
Declared Date	Ex Date	Payment Date	Type	Currency	Amount
03/05/2024	13/05/2024	02/07/2024	Cash Dividend	AUD	3.85
03/11/2023	13/11/2023	19/12/2023	Cash Dividend	AUD	2.55
05/05/2023	15/05/2023	04/07/2023	Cash Dividend	AUD	4.50
28/10/2022	07/11/2022	13/12/2022	Cash Dividend	AUD	3.00
06/05/2022	16/05/2022	04/07/2022	Cash Dividend	AUD	3.50
29/10/2021	08/11/2021	14/12/2021	Cash Dividend	AUD	2.72
07/05/2021	17/05/2021	02/07/2021	Cash Dividend	AUD	3.35
06/11/2020	16/11/2020	22/12/2020	Cash Dividend	AUD	1.35
08/05/2020	18/05/2020	03/07/2020	Cash Dividend	AUD	1.80
01/11/2019	11/11/2019	18/12/2019	Cash Dividend	AUD	2.50
03/05/2019	13/05/2019	03/07/2019	Cash Dividend	AUD	3.60
02/11/2018	12/11/2018	18/12/2018	Cash Dividend	AUD	2.15
04/05/2018	14/05/2018	03/07/2018	Cash Dividend	AUD	3.20
27/10/2017	07/11/2017	13/12/2017	Cash Dividend	AUD	2.05
05/05/2017	16/05/2017	03/07/2017	Cash Dividend	AUD	2.80
28/10/2016	08/11/2016	14/12/2016	Cash Dividend	AUD	1.90
06/05/2016	17/05/2016	04/07/2016	Cash Dividend	AUD	2.40
30/10/2015	09/11/2015	16/12/2015	Cash Dividend	AUD	1.60
08/05/2015	18/05/2015	02/07/2015	Cash Dividend	AUD	2.00
31/10/2014	12/11/2014	16/12/2014	Cash Dividend	AUD	1.30
02/05/2014	14/05/2014	02/07/2014	Cash Dividend	AUD	1.60
01/11/2013	11/11/2013	12/12/2013	Cash Dividend	AUD	1.06
03/05/2013	13/05/2013	02/07/2013	Cash Dividend	AUD	1.32
26/10/2012	02/11/2012	12/12/2012	Cash Dividend	AUD	0.79
27/04/2012	07/05/2012	02/07/2012	Cash Dividend	AUD	0.79
28/10/2011	07/11/2011	14/12/2011	Cash Dividend	AUD	0.69
29/04/2011	09/05/2011	04/07/2011	Cash Dividend	AUD	1.06
29/10/2010	08/11/2010	15/12/2010	Cash Dividend	AUD	0.91
30/04/2010	10/05/2010	02/07/2010	Cash Dividend	AUD	1.06
01/11/2009	09/11/2009	16/12/2009	Cash Dividend	AUD	0.91
23/04/2009	11/05/2009	03/07/2009	Cash Dividend	AUD	0.42
06/11/2008	24/11/2008	19/12/2008	Cash Dividend	AUD	1.54
06/05/2008	26/05/2008	04/07/2008	Cash Dividend	AUD	2.12
14/12/2007	03/01/2008	30/01/2008	Cash Dividend	AUD	1.54
01/05/2007	21/05/2007	04/07/2007	Cash Dividend	AUD	2.01
31/10/2006	20/11/2006	15/12/2006	Cash Dividend	AUD	1.32
02/05/2006	22/05/2006	05/07/2006	Cash Dividend	AUD	1.32
03/11/2005	21/11/2005	16/12/2005	Cash Dividend	AUD	0.95
05/05/2005	23/05/2005	01/07/2005	Cash Dividend	AUD	1.06
03/05/2005	23/05/2005	01/07/2005	Special Cash Dividend	AUD	0.42
04/11/2004	22/11/2004	17/12/2004	Cash Dividend	AUD	0.65
06/05/2004	24/05/2004	02/07/2004	Cash Dividend	AUD	0.74
01/11/2003	19/11/2003	19/12/2003	Cash Dividend	AUD	0.55
01/05/2003	19/05/2003	02/07/2003	Cash Dividend	AUD	0.53
05/11/2002	25/11/2002	20/12/2002	Cash Dividend	AUD	0.43
14/05/2002	03/06/2002	02/07/2002	Cash Dividend	AUD	0.55
07/11/2001	27/11/2001	19/12/2001	Cash Dividend	AUD	0.43
15/05/2001	04/06/2001	03/07/2001	Cash Dividend	AUD	0.55
07/11/2000	27/11/2000	20/12/2000	Cash Dividend	AUD	0.43
16/05/2000	05/06/2000	04/07/2000	Cash Dividend	AUD	0.55
02/11/1999	22/11/1999	21/12/1999	Cash Dividend	AUD	0.36
18/05/1999	07/06/1999	02/07/1999	Cash Dividend	AUD	0.40
05/11/1998	25/11/1998	22/12/1998	Cash Dividend	AUD	0.32
22/05/1998	11/06/1998	02/07/1998	Cash Dividend	AUD	0.32
06/11/1997	26/11/1997	23/12/1997	Cash Dividend	AUD	0.22
22/05/1997	11/06/1997	02/07/1997	Cash Dividend	AUD	0.26
07/12/1996	11/12/1996	08/01/1997	Cash Dividend	AUD	0.19

Stock Splits
Ex Date	Split From	Split To	Adjustment Factor
16/12/2013	1.0000	.9438	0.94

Nathan Zaia - Senior Equity Analyst - Morningstar Inc.

The conduct of Morningstar's analysts is governed by Morningstar's Code of Ethics, Securities Trading and Disclosure Policy, and Investment Research Integrity Policy. For information regarding conflicts of interest, please click here.

Fair Value is derived from a detailed projection of a company’s future cash flows. Analysts create custom industry and company assumptions to feed income statement, balance sheet, and capital investment assumptions into a proprietary discounted cash flow modeling template. Scenario analysis, in-depth competitive advantage analysis, and a variety of other analytical tools are used to augment the discounted cash flow process. Combining analysts’ financial forecasts with the firm’s economic moat helps us assess how long returns on invested capital are likely to exceed the firm’s cost of capital. Because we are modeling free cash flow to the firm—representing cash available to provide a return to all capital providers—we discount future cash flows using the weighted average of the costs of equity, debt, and preferred stock (and any other funding sources), using expected future proportionate long-term, market-value weights. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Qualitative Fair Value, please click here.