The increase in the bank's fee income reflects the rise in Macquarie's involvement in corporate deal activity, income from which Mr Moss said would taper off in the second half. Mr Moss said Macquarie's second half would beat the previous corresponding period, but be lower than the first half. Macquarie will pay a first-half dividend of 41 cents, unchanged from last year but franked at 85 per cent compared with 70 per cent, payable on December 20.