Grupo Financiero Galicia (GGAL) sets Ps.150B cash dividend payout
Rhea-AI Filing Summary
Grupo Financiero Galicia S.A. has approved a substantial cash dividend for shareholders. The board, following a shareholders’ meeting decision on April 28, 2026, will distribute Ps. 150,000,228,000, equal to Ps. 93.385139154438 per share, representing 9,338.5139% of the Company’s capital stock as of the notice date.
Shareholders of record on May 5, 2026 will be paid on May 8, 2026, or on another date if required by local listing rules. The dividend will be subject to deductions for Argentina’s Personal Asset Tax where applicable and a 7% withholding tax under the Argentine Income Tax Law. Payments for local shares will be handled through Caja de Valores S.A., while ADR holders will receive payment via The Bank of New York Mellon under the relevant foreign currency conversion and local market rules.
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Insights
Galicia announces an unusually large cash dividend with tax withholdings.
Grupo Financiero Galicia approved a cash dividend of Ps. 150,000,228,000, equal to Ps. 93.385139154438 per share. The company states this represents 9,338.5139% of capital stock, highlighting the exceptional scale of this distribution.
The dividend is tied to a May 5, 2026 record date and a scheduled payment on May 8, 2026. Net amounts to investors will be reduced by Argentina’s Personal Asset Tax, where applicable, and a 7% income tax withholding. These deductions mean the final cash received will be lower than the headline dividend figure.
Operationally, domestic shareholders are paid via Caja de Valores S.A., while ADR holders are paid through The Bank of New York Mellon once foreign currency conversion and jurisdictional rules are applied. Actual timing and net proceeds for ADR investors will depend on those market-specific procedures and conversion rules.
Key Figures
Total dividend: Ps. 150,000,228,000
Dividend per share: Ps. 93.385139154438 per share
Dividend vs capital stock: 9,338.5139%
+3 more
6 metrics
Total dividend
Ps. 150,000,228,000
Cash dividend approved April 29, 2026
Dividend per share
Ps. 93.385139154438 per share
Cash dividend per share as stated in notice
Dividend vs capital stock
9,338.5139%
Proportion of company capital stock represented by dividend
Dividend withholding tax rate
7%
Withholding under Argentine Income Tax Law
Record date
May 5, 2026
Shareholders eligible for cash dividend
Payment date
May 8, 2026
Scheduled cash dividend payment date, subject to local rules
Key Terms
Record date, withholding tax, Personal Asset Tax, American Depositary Receipts, +1 more
5 terms
Record date financial
"to those shareholders registered on May 5, 2026 (“Record date”)"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
withholding tax regulatory
"the dividend distribution is subject to a 7% withholding tax pursuant to Articles 97 and 193"
Withholding tax is a government-required portion of a payment—such as dividends, interest, or salary—that the payer keeps back and sends directly to tax authorities before the recipient receives the money. For investors it reduces the cash they actually get and changes the after-tax return on an investment; rates and refund or credit rules vary by country and can materially affect comparisons between similar investments, like a cashier holding part of a bill to cover taxes.
Personal Asset Tax regulatory
"the Company will deduct from this payment ... any amount paid by the Company for the Personal Asset Tax"
American Depositary Receipts financial
"Holders of American Depositary Receipts (“ADRs”) will be paid through the Bank of New York Mellon"
A certificate traded on U.S. markets that represents ownership of shares in a foreign company, letting U.S. investors buy and sell that company as if it were listed domestically. Think of it as a local voucher for a foreign product: it makes price quotes in dollars, trades on familiar exchanges, and brings differences in liquidity, fees and legal protections that can affect returns and risk compared with buying the underlying foreign shares directly.
Caja de Valores S.A. financial
"The payment of such dividends will be made through Caja de Valores S.A."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What cash dividend did Grupo Financiero Galicia (GGAL) approve in April 2026?
Grupo Financiero Galicia approved a cash dividend of Ps. 150,000,228,000, equal to Ps. 93.385139154438 per share. The company states this represents 9,338.5139% of its capital stock as of the notice date, indicating an unusually large shareholder distribution.
What are the record and payment dates for GGAL’s April 2026 dividend?
The record date for Grupo Financiero Galicia’s dividend is May 5, 2026, and the payment date is May 8, 2026. The notice allows for different payment dates if required by listing rules in the jurisdictions where the shares are traded.
How will Argentine taxes affect Grupo Financiero Galicia’s dividend payment?
The dividend is subject to deductions for Argentina’s Personal Asset Tax when applicable and a 7% withholding tax under the Argentine Income Tax Law. These mandatory withholdings reduce the net cash amount shareholders and ADR holders ultimately receive from the declared dividend.
How will ADR holders of Grupo Financiero Galicia receive the dividend?
Holders of American Depositary Receipts will be paid through The Bank of New York Mellon, the ADR depositary. Payment timing will follow regulatory rules for converting the dividend portion into foreign currency and the applicable rules of the markets where the ADRs are listed.
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
Securities Exchange Act of 1934
For the month of April, 2026
Commission File Number: 0-30852
GRUPO FINANCIERO GALICIA S.A.
(the “Registrant”)
Galicia Financial Group S.A.
(translation of Registrant’s name into English)
Tte. Gral. Juan D. Perón 430, 25th Floor
(CP1038AAJ) Buenos Aires, Argentina
(CP1038AAJ) Buenos Aires, Argentina
(address of principal executive offices)
Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F ____
Indicate by check mark whether by furnishing the information contained in this form, the Registrant is also thereby furnishing the information to the Securities and Exchange Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If “Yes” is marked, indicate below the file number assigned to the Registrant in connection with Rule 12g3-2(b): 82- ________
FORM 6-K
Commission File No. 0-30852
Month Filed | Event and Summary | Exhibit No. | ||||||
April, 2026 | Notice to the shareholders of the Registrant, dated April 29, 2026, regarding certain payment information in respect of a cash dividend to be made by the Registrant. | 99.1 | ||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
GRUPO FINANCIERO GALICIA S.A. (Registrant)
Date: April 29, 2026 By: /s/ Fabián E. Kon____________
Name: Fabián E. Kon
Title: Chief Executive Officer
Name: Fabián E. Kon
Title: Chief Executive Officer
Grupo Financiero Galicia S.A.
CUIT: 30-70496280-7
CASH DIVIDEND PAYMENT
The shareholders of Grupo Financiero Galicia S.A. (the “Company”) are hereby notified that, on April 29, 2026, the board of directors of the Company, in accordance with what was decided at the Company’s shareholders’ meeting held on April 28, 2026, has agreed to pay cash dividends to those shareholders registered on May 5, 2026 (“Record date”), on May 8, 2026 (“Payment date”) -or such other date as required by the applicable law of the jurisdictions in which the shares are listed- in the amount of Ps. 150,000,228,000 or Ps. 93,385139154438 per share, with a face value of Ps. 1.00 being equivalent to 9,338.5139 % of the Company´s capital stock as of today.
The Company will deduct from this payment of such cash dividends any amount paid by the Company for the Personal Asset Tax, pursuant to terms set by the unnumbered article incorporated below article 25 of Law 23,966, incorporated by Law No. 25,585. Furthermore, the dividend distribution is subject to a 7% withholding tax pursuant to Articles 97 and 193 of the Argentine Income Tax Law.
The payment of such dividends will be made through Caja de Valores S.A., which is located at 25 de Mayo 362, Ciudad Autónoma de Buenos Aires, during the hours between 10:00 am to 3:00 pm (Bs. As. Time). Such payments will be made in compliance with Section 95 of the listing rules.
Holders of American Depositary Receipts (“ADRs”) will be paid through the Bank of New York Mellon, which acts as the depositary with respect to such ADRs, on the date that is determined by regulatory rules in place for the conversion of the portion of said dividend into foreign currency and the applicable rules of the jurisdiction in which such ADRs are listed.
Autonomous City of Buenos Aires, April 29, 2026.
A. Enrique Pedemonte
Authorized Representative
This constitutes an unofficial English translation of the original Spanish document. The Spanish document shall govern all respects, including interpretation matters.
Tte. Gral. Perón 430, 25° piso (C1038AAJ) Buenos Aires – Argentina Tel. 4343-7528 Fax 4331-9183