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Banco Macro SA Announces Dividend Proposal and Reserve Allocation

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Banco Macro SA Announces Dividend Proposal and Reserve Allocation

An update from Banco Macro SA ( (BMA) ) is now available.

On February 26, 2025, Banco Macro SA’s Board of Directors decided to propose the allocation of retained earnings for the year ending December 31, 2024. The proposal includes allocating significant portions to the Legal Reserve fund, Personal Asset Tax, and an Optional Reserve Fund for future profit distribution. Additionally, the Board plans to release part of the Optional Reserve Fund to facilitate a cash or in-kind dividend payment, subject to regulatory approval. This move reflects the bank’s strategic financial management and potential impact on shareholder returns, while also indicating a stable financial position.

More about Banco Macro SA

Banco Macro SA is a financial institution based in Buenos Aires, Argentina. It operates in the banking industry, providing a range of financial services including personal and business banking solutions. The bank is focused on serving the Argentine market, offering products such as loans, savings accounts, and investment services.

YTD Price Performance: -20.78%

Average Trading Volume: 350,138

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $6.32B

See more data about BMA stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
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