Grupo Galicia (NYSE: GGAL) unit declares ninth 2024 dividend
Rhea-AI Filing Summary
Grupo Financiero Galicia S.A. reports that its main subsidiary, Banco de Galicia y Buenos Aires S.A., has made available the ninth cash dividend installment for fiscal year 2024. The dividend totals ARS 40.601.848.516,52 and is paid in proportion to each shareholder’s holdings, starting on the date of the notice.
The distribution was authorized by the Argentine Central Bank under Resolution RESOL-2025-137-E-GDEBCRASEFYC#BCRA, is based on results for the year ended December 31, 2024, and is subject to a 7% withholding tax under Argentine Income Tax Law.
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FAQ
What dividend did Grupo Financiero Galicia (GGAL) announce in this 6-K?
Grupo Financiero Galicia announced that its main subsidiary, Banco de Galicia y Buenos Aires, made available the ninth cash dividend installment for fiscal 2024, totaling ARS 40.601.848.516,52, distributed proportionally among shareholders’ holdings in the bank.
Which subsidiary of GGAL is paying the ninth FY 2024 dividend?
The dividend is being paid by Banco de Galicia y Buenos Aires S.A., the main subsidiary of Grupo Financiero Galicia. The payment corresponds to the ninth cash dividend installment based on accumulated results for the fiscal year ended December 31, 2024, and follows a pre-established schedule.
What is the tax treatment of the Banco Galicia dividend disclosed by GGAL?
The cash dividend of ARS 40.601.848.516,52 from Banco de Galicia is subject to a 7% withholding tax. This withholding is applied under Articles 97 and 193 of the Argentine Income Tax Law, as consolidated by Decree No. 824/2019, as amended.
Who authorized the ninth FY 2024 dividend of Banco de Galicia (GGAL’s subsidiary)?
The ninth dividend installment was authorized by the Argentine Central Bank. Authorization was granted through Resolution “RESOL-2025-137-E-GDEBCRASEFYC#BCRA”, allowing Banco de Galicia y Buenos Aires to distribute the cash dividend based on its accumulated results for fiscal year 2024.
