Business Context and Reporting Period
Company: Central Puerto S.A. (Port Central S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: January 2, 2024
Subject: Material news regarding the payment of dividends.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the dividend distribution:
- Dividend per Share: $5.75
- Source of Funds: Partial reversal of the Optional Reserve.
Material Changes
The filing announces a specific corporate action rather than a change in operational performance compared to a prior period. The Board of Directors authorized the distribution of dividends based on delegations from meetings held on April 28, 2023, and September 15, 2023.
Guidance, Outlook, and Payment Details
Management provided specific details regarding the execution of the dividend payment:
- Payment Structure:
- 93% paid in US dollars abroad (New York branch), valued at the seller exchange rate of Banco de la Nación Argentina as of December 29, 2023.
- 7% paid in cash in Argentine Pesos, designated for Income Tax Withholding on Dividends (where applicable).
- Cut-off Date: January 10, 2024 (shareholdings recorded on this date are eligible).
- Payment Date: January 11, 2024.
The filing does not contain forward-looking guidance, risk factors, or commentary on unusual items beyond the dividend announcement.
Investor Verification Checklist
- Verify share ownership status as of the January 10, 2024 cut-off date.
- Confirm the specific exchange rate applied for the USD portion of the dividend (Banco de la Nación Argentina seller rate, Dec 29, 2023).
- Review tax implications for the 7% portion withheld in Pesos for Income Tax.
- Check the company's Optional Reserve balance to understand the impact of this partial reversal on future capital allocation.