Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: October 19, 2022
Context: This filing announces the payment of a cash dividend (Installment #11) to shareholders, authorized by the Board of Directors on October 19, 2022, and approved by the Central Bank of the Republic of Argentina.
Key Financial Metrics
The filing focuses on dividend distribution rather than operational financial performance. Key figures include:
- Total Cash Dividend: AR $1,645,953,695.31
- Dividend Per Share: AR $2.5741619971
- Dividend Yield on Capital Stock: 257.42% (based on capital stock of AR $639,413,408)
- Record Date: October 31, 2022
- Payment Date: On or after November 1, 2022
- Tax Withholding: Subject to 7% withholding under Argentine Income Tax Law
Note: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
This filing does not report material changes in operational performance compared to prior periods. It specifically details the execution of a dividend payment plan authorized in 2020 and 2021, representing the 11th installment of that plan.
Guidance, Outlook, and Risks
- Management Commentary: The Board of Directors resolved to proceed with the dividend payment as scheduled.
- Regulatory Compliance: Payment is contingent upon prior authorization from the Superintendencia de Entidades Financieras y Cambiarias (Central Bank of Argentina).
- Tax Contingency: Shareholders are advised that the total amount received will be subject to a 7% tax withholding.
- Payment Logistics: Funds will be available at Caja de Valores S.A. in Capital Federal during business hours.
Investor Verification Checklist
- Verify share ownership status as of the record date (October 31, 2022).
- Confirm the net dividend amount after the 7% Argentine tax withholding.
- Check the specific availability date at Caja de Valores S.A. post-November 1, 2022.
- Review the full dividend plan history to understand the context of Installment #11.