Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: June 22, 2022
Context: This filing announces the payment of a cash dividend (Instalment #7) to shareholders, authorized by the Board of Directors and the Central Bank of the Republic of Argentina.
Key Financial Metrics
The filing focuses on dividend distribution rather than operational financial performance. Specific metrics provided include:
- Total Dividend Amount: AR $1,645,953,695.31
- Dividend Per Share: AR $2.5741619971
- Capital Stock: AR $639,413,408
- Dividend Yield on Capital: 257.42%
- Tax Withholding: 7% (per Argentine Income Tax Law)
Note: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
This filing does not report material changes in operational performance or financial position compared to prior periods. It solely details the execution of a dividend payment plan authorized in April 2020 and approved by the Board on June 22, 2022.
Guidance, Outlook, and Risks
- Payment Schedule: Dividends will be made available starting July 6, 2022.
- Record Date: Shareholders must be entered in the stock ledger as of July 5, 2022.
- Payment Location: Caja de Valores S.A., Buenos Aires (Mondays to Fridays, 10 am to 3 pm).
- Risks/Contingencies: The total amount received by shareholders is subject to a mandatory 7% tax withholding.
Investor Verification Checklist
- Verify shareholder status on the record date of July 5, 2022.
- Confirm the net dividend amount after the 7% tax withholding.
- Check the availability of funds at Caja de Valores S.A. starting July 6, 2022.
- Review the original April 30, 2020, shareholder resolutions for the full dividend authorization context.