Macquarie Reports Record FY Profit, Increases Dividend

SYDNEY—Macquarie Group raised its final dividend by almost 30% and reported a 10% rise in annual profit, driven partly by a strong result in its markets-facing businesses that include Macquarie Capital.

Macquarie, Australia’s biggest investment bank and asset manager, said its net profit rose to a record 5.18 billion Australian dollars (US$3.47 billion) in the 12 months through March, from A$4.71 billion the previous year.