Macro Bank (BMA) sets AR$35.8B dividend instalment and key dates
Rhea-AI Filing Summary
Macro Bank Inc. (Banco Macro S.A.) will pay instalment No. 4 of a previously approved cash dividend totaling AR $35,845,730,979.60, equal to AR $56.0603367572 per share and representing 5,606.0336% of capital stock of AR $639,413,408. The dividend will be available as of 09/29/2025 for shareholders of record on 09/26/2025.
The payment follows approvals by shareholders, the Central Bank of the Republic of Argentina and its Superintendency, and will be distributed in constant currency in 10 equal monthly instalments. The aggregate dividend amount is subject to a 7% withholding under section 97 of the Income Tax Law as revised in 2019.
Shareholders in Argentina will receive the cash at Caja de Valores S.A. in Buenos Aires during normal business hours, while holders of American Depositary Receipts will receive their entitlement through The Bank of New York Mellon under the applicable depositary agreement.
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Insights
Banco Macro details a large cash dividend instalment with clear timing and tax treatment.
Banco Macro S.A. is proceeding with instalment No. 4 of a dividend totaling AR $35,845,730,979.60, equivalent to AR $56.0603367572 per share and stated as 5,606.0336% of capital stock of AR $639,413,408. The filing links this distribution to prior shareholder approvals and specific Central Bank authorizations, indicating the payout structure has been vetted by regulators.
The dividend is distributed in 10 equal monthly instalments expressed in constant currency, which helps maintain the real value of each payment in an inflationary environment. A 7% withholding tax applies to the aggregate amount under section 97 of the Income Tax Law, meaning the net cash received by investors will be lower than the gross dividend figure.
Operationally, local shareholders can collect through Caja de Valores S.A. from 09/29/2025, using the record date of 09/26/2025, while ADR holders rely on The Bank of New York Mellon to pass through the distribution on the underlying Class B shares. Future company disclosures may clarify how this multi-instalment structure fits into ongoing capital management.
FAQ
What dividend is Macro Bank (BMA) paying according to this filing?
Macro Bank, through Banco Macro S.A., will pay instalment No. 4 of a cash dividend totaling AR $35,845,730,979.60, which equals AR $56.0603367572 per share and represents 5,606.0336% of capital stock of AR $639,413,408.
How is the Banco Macro S.A. dividend being paid and over what schedule?
The dividend is authorized to be distributed in 10 equal and consecutive monthly instalments expressed in constant currency, with this filing covering instalment No. 4.
What tax withholding applies to the Banco Macro S.A. cash dividend?
The aggregate dividend amount Banco Macro S.A. will distribute is subject to a 7% withholding under section 97 of the Income Tax Law as revised in 2019.
How will Macro Bank (BMA) ADR holders receive the dividend?
Shareholders holding American Depositary Receipts (ADRs) will receive the dividend through The Bank of New York Mellon, acting as depositary for the underlying Class B shares, under the applicable depositary agreement.