Grupo Financiero Galicia (GGAL) approves sizable March 2026 cash dividend payout
Rhea-AI Filing Summary
Grupo Financiero Galicia S.A. announced a large cash dividend to shareholders. The board approved a total payment of Ps. 40,601,118,959.06, equal to Ps. 25.2769025378911 per share with a face value of Ps. 1.00, representing 2,527.6903% of the company’s capital stock as of March 3, 2026.
Shareholders of record on March 6, 2026 will be eligible, with a scheduled payment date of March 11, 2026, or a later date if required by local listing rules. The dividend will be subject to a 7% withholding tax under Argentine Income Tax Law, and the company may also deduct amounts related to the Personal Asset Tax as allowed by law.
Positive
- Substantial cash dividend distribution: The company approved a cash dividend of Ps. 40,601,118,959.06 (Ps. 25.2769025378911 per share), described as 2,527.6903% of capital stock as of March 3, 2026, signaling a significant return of capital to shareholders.
Negative
- None.
Insights
Galicia declares a very large peso dividend with standard Argentine tax withholding.
Grupo Financiero Galicia approved a cash dividend of Ps. 40,601,118,959.06, or Ps. 25.2769025378911 per Ps. 1.00 par share, described as 2,527.6903% of capital stock as of March 3, 2026. This indicates a sizeable distribution relative to the company’s stated capital base.
The dividend is available to shareholders of record on March 6, 2026, with payment targeted for March 11, 2026, subject to local listing rules in each jurisdiction. Payments in Argentina will be processed through Caja de Valores S.A., while ADR holders will receive funds via The Bank of New York Mellon after conversion procedures.
The distribution is subject to a 7% withholding tax under Argentine Income Tax Law and potential deductions for Personal Asset Tax according to local legislation. The actual net amount received by each investor will therefore depend on these statutory withholdings and, for ADRs, on applicable foreign exchange and market rules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
