Why is the Macquarie share price sinking today?
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The Macquarie Group Ltd (ASX: MQG) share price is having a poor start to the week.
In morning trade, the investment bank’s shares are down 2.5% to $205.80.
Why is the Macquarie share price under pressure?
The good news for shareholders is that today’s decline has nothing to do with the company’s performance nor a bearish broker note.
Instead, the catalyst for the weakness in the Macquarie share price today has been its upcoming final dividend for FY 2025.
That’s because its shares have gone ex-dividend for this payout this morning. When this happens, it means the rights to the dividend are now settled and that new buyers will not be entitled to receive this when it is paid out.
And as a dividend forms part of…
