Business Context and Reporting Period
Company: Grupo Supervielle S.A. (NYSE: SUPV), a domestic universal financial services group in Argentina and the fourth largest private domestically-owned bank by assets.
Reporting Date: May 8, 2017
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Context: Announcement of cash dividend distribution for the fiscal year ended December 31, 2016, following the Annual Ordinary and Extraordinary Shareholders Meeting held on April 27, 2017.
Key Financial Metrics
Dividend Distribution:
- Total Amount: AR$ 65,500,000
- Per Share: AR$ 0.1800550592 per outstanding share
- Per ADS: AR$ 0.900275296 per American Depositary Share
- Yield on Capital: 18.00550592% of outstanding capital
Balance Sheet Snapshot (as of Dec 31, 2016):
- Total Assets: AR$ 53.2 billion (Argentine Banking GAAP)
- Access Points: 320
- Customer Base: Over 2 million
Revenue, Profit, Cash Flow, Margins, Debt, and Liquidity: The filing text does not provide a clear value for these specific metrics for the current or prior periods.
Material Changes
This filing is a corporate action announcement regarding dividend payment. It does not contain comparative financial data or material changes in operating results versus the prior comparable period.
Guidance, Outlook, and Risks
Management Commentary: The company confirmed the dividend payment schedule and distribution mechanics via Caja de Valores S.A. and The Bank of New York Mellon for ADS holders.
Guidance and Outlook: The filing text does not provide a clear value or statement regarding future financial guidance or operational outlook.
Risks and Contingencies: No specific risks or contingencies are detailed in this specific filing text.
Investor Verification Checklist
- Verify the Record Date of May 22, 2017, to ensure eligibility for the dividend.
- Confirm the payment date of May 23, 2017, for cash receipt.
- Check the exchange rate between ARS and USD at the time of payment to determine the actual USD value of the dividend per ADS.
- Review the full Annual Report (Form 20-F) for detailed revenue, profit, and liquidity metrics not included in this 6-K.