Business Context and Reporting Period
Company: Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV)
Filing Type: Form 6-K (Report of Foreign Issuer)
Date: May 2, 2019
Context: The filing announces the payment of cash dividends to shareholders based on the resolution of the Annual Ordinary Shareholders Meeting held on April 26, 2019, and approved by the Board of Directors on May 2, 2019. The dividends are derived from results for the fiscal year ended December 31, 2018.
Key Financial Metrics
The filing focuses on dividend distribution rather than comprehensive financial statements. Specific metrics provided include:
- Total Dividend Distribution: P$ 303,000,000.00 (Argentine Pesos)
- Dividend Yield on Capital: 66.342279631% of outstanding capital
- Dividend Per Share: P$ 0.66342279631 per outstanding share
- Dividend Per ADS: P$ 3.31711398155 per American Depositary Share
- Withholding Tax: Not subject to the 35% withholding tax under Argentine Income Tax Law as the distribution does not exceed determined income.
Note: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity for the current or prior periods.
Material Changes
The filing does not report material changes in financial performance, operations, or market conditions compared to prior periods. It solely reports the execution of a dividend payment plan approved by shareholders.
Guidance, Outlook, and Risks
Management Commentary: The Company confirmed compliance with publication requirements for the payment notice in accordance with the listing rules of Bolsas y Mercados Argentinos (BYMA).
Payment Logistics:
- Record Date: May 14, 2019
- Payment Date: On or after May 15, 2019
- Payment Agent (Local): Caja de Valores S.A. (10:00 am to 3:00 pm)
- Payment Agent (ADS Holders): The Bank of New York Mellon
Risks and Contingencies: No specific risks or contingencies were disclosed in this filing.
Investor Verification Checklist
- Verify the Record Date (May 14, 2019) to ensure eligibility for the dividend.
- Confirm the exchange rate applicable for converting the P$ dividend amount to USD for ADS holders.
- Review the full Annual Report (Form 20-F) for the year ended December 31, 2018, to analyze the underlying financial results generating this dividend.
- Check for any subsequent announcements regarding the actual payment date if it differs from the "as from May 15, 2019" statement.