Business Context and Reporting Period
Macro Bank Inc. (Banco Macro S.A.) filed Form 6-K on September 21, 2022, reporting a corporate action regarding a cash dividend payment. The filing translates a submission to the Argentine Securities Commission (CNV) and details resolutions adopted by the Board of Directors on September 21, 2022.
Key Financial Metrics
The filing discloses specific dividend figures but does not provide comprehensive financial statements such as revenue, profit, cash flow, margins, debt, or liquidity metrics for the period.
- Total Cash Dividend: AR $1,645,953,695.31
- Dividend Per Share: AR $2.5741619971
- Dividend Yield on Capital Stock: 257.42% of the capital stock (AR $639,413,408)
- Dividend Instalment: Instalment #10
- Tax Withholding: Subject to a 7% withholding tax under Argentine Income Tax Law
Material Changes
The filing does not report material changes in operating results, financial position, or market conditions compared to prior periods. It solely announces the execution of a previously authorized dividend payment.
Guidance, Outlook, and Risks
Management commentary is limited to the administrative details of the dividend distribution. No forward-looking guidance, outlook, or specific risk factors were disclosed in this filing.
- Payment Date: Available from October 4, 2022
- Record Date: October 3, 2022
- Payment Location: Caja de Valores S.A., Buenos Aires
- Regulatory Approval: Authorized by the Superintendencia de Entidades Financieras y Cambiarias (Central Bank of Argentina) on May 12, 2022.
Investor Verification Checklist
- Verify the record date (October 3, 2022) to confirm eligibility for the dividend.
- Confirm the net dividend amount after the mandatory 7% Argentine income tax withholding.
- Check the status of the remaining dividend instalments, as this represents only Instalment #10.
- Validate the exchange rate impact for non-Argentine Peso investors, as the filing does not provide USD equivalents.