The Macquarie Group Ltd (ASX: MQG) share price edged 1.18% higher to $218.48 on Tuesday, as the bank released fresh details about its upcoming Dividend Reinvestment Plan (DRP) for the FY25 final dividend.

Let’s look at what’s driving interest in this major ASX financial stock.

Macquarie Reveals DRP Price for FY25 Dividend

Macquarie confirmed that investors participating in its DRP will receive shares at a price of $213.66 each. That figure is based on the arithmetic average of the volume-weighted average price (VWAP) of all MQG shares traded between 27 May and 6 June.

This DRP price represents a 2.2% discount compared to the stock’s current trading value.

Eligible investors will receive their final dividend of $3.90 per share—with 35% franking—on 2 July 2025. Shares under the DRP will also be allocated on that date.

This announcement is part of what’s helping support Macquarie’s price action today and reinforces its position among strong stocks to look out for in the financial sector.

Solid FY25 Performance Underpins Share Momentum

Macquarie’s recent FY25 results revealed a net profit of $3.715 billion, a 5% increase year over year. The second half of the financial year was particularly robust, with net profit up 30% from the first half.

Key FY25 highlights include:

• Return on equity increased to 11.2% (up from 10.8% in FY24)
• Assets under management reached $941 billion
• Net operating income rose 2% to $17.2 billion
• 66% of total income came from international operations
• Operating expenses remained flat at $12.14 billion

Macquarie Group CEO Shemara Wikramanayake commented:

“Against a backdrop of ongoing market and economic uncertainty, Macquarie’s client franchises remained resilient over the past year, delivering new business origination and underlying income growth.”

This strong foundation places Macquarie firmly in the category of high-performing mining companies in Australia—not in a literal sense, but in terms of asset diversity and capital resilience—often appealing to income-focused investors.

Ongoing Share Buyback Adds to Investor Appeal

Macquarie also continues its substantial share buyback program. The $2 billion on-market buyback, announced in November last year, was extended for another 12 months.

As of 8 May 2025, the company had repurchased $1.013 billion worth of shares at an average price of $189.80.

This shareholder-friendly strategy further cements its standing as one of the most stable ASX stocks to look out for, offering consistent capital returns and a well-managed dividend structure.

What to Watch Next

Macquarie’s disciplined approach to capital allocation, diversified income sources, and strong balance sheet position it as a steady performer for long-term investors.

For those searching for reliable mining stocks, ASX gold stocks, or top-tier financials, Macquarie remains an essential name on the radar—especially as global uncertainty fuels interest in both income and defensiveness.

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