Macro Bank declares AR$138.9B cash dividend
Macro Bank Inc., through Banco Macro S.A., announces a large cash dividend of AR $138,956,468,470, which in constant currency as of February 28, 2026 is AR $147,101,261,954.
Rhea-AI Filing Summary
Macro Bank Inc., through Banco Macro S.A., announces a large cash dividend of AR $138,956,468,470, which in constant currency as of February 28, 2026 is AR $147,101,261,954. The dividend will be paid in three equal monthly instalments of AR $49,033,753,984.66 each.
Instalment No. 1 equals AR $76.6882980676 per share, representing 7,668.8298% of the outstanding capital stock of AR $639,390,301, and will be available on May 19, 2026 to shareholders of record on May 18, 2026. The dividend is subject to a 7% withholding under section 97 of the Income Tax Law, and ADR holders will receive payment via The Bank of New York Mellon under the depositary agreement.
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Insights
Macro Bank announces a very large, highly structured cash dividend.
The filing shows Banco Macro S.A. distributing a substantial cash dividend of AR $138,956,468,470, restated to AR $147,101,261,954 in constant currency as of February 28, 2026. Payment is split into three equal monthly instalments of AR $49,033,753,984.66.
The first instalment equals AR $76.6882980676 per share, described as 7,668.8298% of stated capital stock of AR $639,390,301, highlighting how inflation has eroded nominal capital in Argentina. A 7% withholding tax applies, which reduces shareholders’ net receipts but does not change the gross distribution.
Key practical dates include the record date on May 18, 2026 and availability of the first payment on May 19, 2026. Holders of ADRs will receive their entitlement through The Bank of New York Mellon, so subsequent disclosures from the depositary may detail timing and any additional jurisdiction-specific costs.
Key Figures
Key Terms
cash dividend financial
record date financial
withholding financial
Income Tax Law regulatory
American Depositary Receipts (ADRs) financial
depositary agreement financial
FAQ
What total cash dividend will Banco Macro (BMA) distribute?
How and when will Macro Bank (BMA) pay the dividend instalments?
What tax withholding applies to the Macro Bank (BMA) dividend?
What are the record date and payment date for Macro Bank (BMA) dividend instalment 1?
How will ADR holders of Macro Bank (BMA) receive the dividend?
AI-generated analysis. How Rhea-AI works. Not financial advice.