Business Context and Reporting Period
Macro Bank Inc. (Banco Macro S.A.), a foreign private issuer based in Buenos Aires, Argentina, filed this Form 6-K on November 23, 2022. The filing serves as a translation of a submission to the Argentine Securities Commission (CNV) regarding the payment of a cash dividend.
Key Financial Metrics
The filing details a specific dividend distribution rather than comprehensive financial statements for a reporting period.
- Dividend Amount: AR $1,645,953,695.31 total.
- Per Share Amount: AR $2.5741619971.
- Dividend Yield on Capital: 257.42% of the capital stock (AR $639,413,408).
- Installment Number: 12.
- Tax Withholding: Subject to a 7% tax withholding under Argentine Income Tax Law.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
This filing announces the execution of a dividend payment authorized by the General and Special Shareholders' Meeting on April 30, 2021, and approved by the Board of Directors on November 23, 2022. The payment represents the 12th installment of the authorized distribution.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors resolved to make the dividend available starting December 6, 2022, to shareholders recorded in the stock ledger as of December 5, 2022.
Payment Logistics: Payments will be made available at Caja de Valores S.A. in Capital Federal, Monday through Friday, from 10 am to 3 pm.
Risks and Contingencies: The total amount received by shareholders is subject to the statutory 7% tax withholding. The filing does not contain specific forward-looking guidance, risk factors, or unusual items beyond the dividend distribution mechanics.
Investor Verification Checklist
- Verify the record date of December 5, 2022, to confirm eligibility for the dividend.
- Confirm the net dividend amount after the 7% Argentine tax withholding.
- Check the availability of funds at Caja de Valores S.A. starting December 6, 2022.
- Review the full 20-F annual report for comprehensive financial performance data not included in this 6-K.