Grupo Galicia to pay Ps.150B cash dividend
Grupo Financiero Galicia S.A. has approved a substantial cash dividend for shareholders.
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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.
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
Key Terms
Record date financial
withholding tax regulatory
Personal Asset Tax regulatory
American Depositary Receipts financial
Caja de Valores S.A. financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What cash dividend did Grupo Financiero Galicia (GGAL) approve in April 2026?
What are the record and payment dates for GGAL’s April 2026 dividend?
How will Argentine taxes affect Grupo Financiero Galicia’s dividend payment?
How will ADR holders of Grupo Financiero Galicia receive the dividend?
AI-generated analysis. How Rhea-AI works. Not financial advice.
