Grupo Financiero Galicia (GGAL) declares Ps.39.999B dividend in three installments
Rhea-AI Filing Summary
Grupo Financiero Galicia S.A. approved a total cash dividend of Ps. 39,999,772,000, to be paid in three equal installments of Ps. 13,333,257,333.33 each. The first installment is scheduled between July 1 and July 15, 2026, the second between August 1 and August 15, 2026, and the third between September 1 and September 15, 2026.
For the first installment, a cash dividend of Ps. 13,333,257,333.33, equal to Ps. 8.30084132575628 per share with a par value of Ps. 1.00 and representing 830.0841% of the Company’s share capital as of that date, will be available to shareholders of record on July 6, 2026, with payment beginning on July 13, 2026. The dividend is subject to a 7% withholding tax under Argentine Income Tax Law, and amounts paid for Personal Asset Tax will be deducted where applicable. Payments will be made via Caja de Valores S.A. for local shares and through The Bank of New York Mellon for ADR holders.
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Insights
Galicia declares a very large cash dividend with staged payments and tax withholdings.
Grupo Financiero Galicia is distributing Ps. 39,999,772,000 in cash dividends, with the first Ps. 13,333,257,333.33 installment equal to Ps. 8.3008 per share and 830.0841% of share capital as of the record date. This signals substantial capital available for shareholder distributions.
The dividend is split across three monthly windows from July 2026 to September 2026, which spreads cash outflows over time. Net receipts for investors will be reduced by a 7% income tax withholding and any Personal Asset Tax payments the company covers under Argentine law.
Operationally, local shareholders will be paid through Caja de Valores S.A., while ADR holders receive payments via The Bank of New York Mellon after conversion rules and foreign exchange procedures. Subsequent company communications may clarify any impacts on capital ratios or future payout capacity.
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withholding tax financial
Personal Asset Tax financial
American Depositary Receipts financial
Caja de Valores S.A. financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
