Banco Macro Announces Payment Of Cash Dividend

Rhea-AI Summary

Banco Macro S.A. (NYSE: BMA) announced a cash dividend of AR $9,875,722,171.88, equivalent to AR $15.44 per share, to be paid on June 7, 2022. This represents 1,544.5% of the capital stock. Of the total dividends, AR $8,548,398,000 comes from income from prior fiscal years, exempt from a 35% tax withholding. The remaining AR $1,327,324,171.88 is subject to a 7% tax withholding, originating from income earned in fiscal years post-January 1, 2018. Shareholders must be listed by June 6, 2022, to qualify for the payout.

Positive

• Cash dividend of AR $15.44 per share reflects strong shareholder returns.
• Total dividend distribution of AR $9,875,722,171.88 showcases substantial profitability.

Negative

• None.

BUENOS AIRES, Argentina, May 23, 2022 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank") informs the Shareholders that, pursuant to the resolutions adopted at the General and Special Shareholders' Meeting held on April 30th 2022, the authorization granted by the Superintendencia de Entidades Financieras y Cambiarias of Banco Central de la República Argentina (Central Bank of the Republic of Argentina) and communicated last May 12^th, and pursuant to the resolutions adopted by the Board of Directors at its meeting held on May 23^rd 2022, as from June 7^th 2022, Banco Macro S.A. (the "Bank") shall made available and pay to the shareholders entered in the Bank's stock ledger as of June 6^th 2022, a cash dividend in the amount of AR $9,875,722,171.88 (i.e., AR $15.44 per share and representing 1,544.5% of the capital stock of AR $639,413,408), such payment corresponds to installments # 1 to 6.

As to the total amount of dividends to be distributed, please be advised that the amount of AR $8,548,398,000.00 derives from income of previous fiscal years beginning before January 1^st 2018. Please be further advised that the above mentioned distribution is not subject to the 35% tax withholding provided for in section 74 of the Argentine Income Tax Law, as revised in 2019, since the dividends to be distributed do not exceed the earnings determined after applying the general rules of such Income Tax Law. In addition, we inform that the amount of AR $1,327,324,171.88 arises from income earned on fiscal years beginning as from January 1^st 2018 and therefore is subject to the 7% tax withholding provided for in section 97 of the Argentine Income Tax Law, as revised in 2019.

The above mentioned cash dividend shall be made available on the applicable date, at Caja de Valores S.A. located at 25 de Mayo 362, Capital Federal, Mondays to Fridays, from 10 am to 3 pm.

IR Contact in Buenos Aires:
Jorge Scarinci | Chief Financial Officer
Nicolás A. Torres | Investor Relations
E-mail: investorelations@macro.com.ar | Phone: (54 11) 5222 6682

About
Banco Macro S.A (NYSE: BMA; BCBA: BMA) is a universal bank, with focus in low & mid-income individuals and small & mid-sized companies. The Bank started operating in 1985 as non-banking financial institution and today has grown to be the private local bank with the largest branch network in the country.

For further information access www.macro.com.ar/relaciones-inversores

View original content:https://www.prnewswire.com/news-releases/banco-macro-announces-payment-of-cash-dividend-301553293.html

SOURCE Banco Macro S.A.

FAQ

What is the dividend amount for Banco Macro (BMA) in 2022?

Banco Macro declared a cash dividend of AR $15.44 per share.

When will Banco Macro (BMA) pay the dividend?

The dividend will be paid on June 7, 2022.

Are Banco Macro's dividends subject to tax withholding?

Yes, dividends from income from fiscal years beginning after January 1, 2018 are subject to a 7% tax withholding.

What is the total amount of dividends declared by Banco Macro (BMA)?

The total amount of dividends declared is AR $9,875,722,171.88.

What is the eligibility date for Banco Macro (BMA) dividend payout?

Shareholders must be registered by June 6, 2022, to be eligible for the dividend.