Banco Macro to Distribute ARS 147 Billion Dividend in Three Monthly Installments

Banco Macro SA ( (BMA) ) has provided an announcement.

On May 6, 2026, Banco Macro S.A.’s board approved the payment of a large cash dividend totaling ARS 147.1 billion in constant currency as of February 28, 2026, following prior shareholder approval on April 8 and regulatory authorization from the Central Bank of Argentina’s Superintendency on April 30. The dividend will be distributed in three equal, non-cumulative monthly installments of ARS 49.03 billion each, with the first tranche—equivalent to ARS 76.6882980676 per share, or 7,668.8298% of the outstanding capital—made available on May 19, 2026, subject to a 7% income tax withholding and payable via Caja de Valores for local holders and through BNY Mellon for ADR investors.

The decision to distribute such an unusually high cash dividend, structured in line with recent Central Bank rules requiring three monthly installments in constant currency, signals strong capital generation and regulatory comfort with Banco Macro’s financial position. It also represents a significant near-term cash return to shareholders, both in Argentina and abroad, potentially enhancing the bank’s appeal to income-focused investors, while the tax withholding and phased schedule reflect ongoing prudential controls in Argentina’s banking sector.

The most recent analyst rating on (BMA) stock is a Buy with a $85.00 price target. To see the full list of analyst forecasts on Banco Macro SA stock, see the BMA Stock Forecast page.

Spark’s Take on BMA Stock

According to Spark, TipRanks’ AI Analyst, BMA is a Neutral.

Banco Macro’s overall stock score reflects a mix of strong revenue growth and a solid balance sheet, tempered by modest profitability and significant challenges highlighted in the recent earnings call. Technical indicators show positive momentum, but the financial performance and earnings call concerns weigh heavily on the score.

To see Spark’s full report on BMA stock, click here.

More about Banco Macro SA

Banco Macro S.A., operating as Macro Bank Inc. in its SEC filings, is an Argentine financial institution headquartered in Buenos Aires. It provides a broad range of banking services, including retail and corporate banking, and its shares are also represented by American Depositary Receipts (ADRs) listed in foreign markets, giving it access to both domestic and international investors.

Average Trading Volume: 353,425

Technical Sentiment Signal: Hold

Current Market Cap: $4.71B

For a thorough assessment of BMA stock, go to TipRanks’ Stock Analysis page.