Macro Bank Inc. (BMA) to Issue Monthly Dividend of $0.40 on March 27th

Macro Bank Inc. (NYSE:BMA) announced a monthly dividend on Tuesday, March 10th. Shareholders of record on Friday, March 20th will be given a dividend of 0.4007 per share by the bank on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, March 20th. This is a 4.8% increase from Macro Bank’s previous monthly dividend of $0.38.

Macro Bank has a dividend payout ratio of 40.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Macro Bank to earn $10.43 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 46.0%.

Macro Bank Price Performance

Macro Bank stock opened at $66.72 on Wednesday. The stock’s fifty day moving average price is $87.74 and its two-hundred day moving average price is $76.12. The firm has a market cap of $4.26 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 0.33 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.16. Macro Bank has a one year low of $38.30 and a one year high of $106.15.

Macro Bank (NYSE:BMA) last released its earnings results on Wednesday, February 25th. The bank reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.60. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%.The company had revenue of $626.17 million for the quarter, compared to analyst estimates of $739.97 million. As a group, research analysts expect that Macro Bank will post 7.84 EPS 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.