Macro Bank Inc. (BMA) To Go Ex-Dividend on April 20th

Macro Bank Inc. (NYSE:BMA) announced a monthly dividend on Friday, April 10th. Shareholders of record on Monday, April 20th will be paid a dividend of 0.4074 per share by the bank on Monday, April 27th. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Monday, April 20th. This is a 1.7% increase from Macro Bank’s previous monthly dividend of $0.40.

Macro Bank has a dividend payout ratio of 41.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Macro Bank to earn $10.43 per share next year, which means the company should continue to be able to cover its $4.88 annual dividend with an expected future payout ratio of 46.8%.

Macro Bank Trading Up 0.6%

NYSE BMA opened at $82.16 on Friday. Macro Bank has a 1-year low of $38.30 and a 1-year high of $106.15. The company has a current ratio of 1.11, a quick ratio of 1.16 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $5.25 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 0.63 and a beta of 1.52. The firm’s fifty day simple moving average is $78.42 and its 200-day simple moving average is $80.15.

Macro Bank (NYSE:BMA) last posted its quarterly earnings results on Saturday, February 14th. The bank reported $0.11 earnings per share for the quarter. Macro Bank had a net margin of 4.99% and a return on equity of 6.85%. The business had revenue of $312.24 million for the quarter. As a group, sell-side analysts anticipate that Macro Bank will post 7.84 earnings per share for the current fiscal year.

About Macro Bank

Macro Bank (NYSE: BMA) is the American depositary receipt program of Banco Macro SA, one of the largest privately owned banks in Argentina. Headquartered in Buenos Aires, the institution delivers a comprehensive suite of banking solutions to retail, corporate and agricultural customers across the country. Through its extensive branch network and digital platforms, Macro Bank aims to serve diverse client segments with tailored financial products and services.

The bank’s offerings span traditional deposit accounts—including checking, savings and term deposits—alongside payment and transaction services.