Banco Macro Board Proposes Massive Dividend Funded by Optional Reserves
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The latest update is out from Banco Macro SA ( (BMA) ).
On February 25, 2026, Banco Macro’s board approved a proposal on the allocation of retained earnings for the year ended December 31, 2025, totaling AR$290.44 billion in constant currency. The plan earmarks AR$57.90 billion for the legal reserve, AR$13.68 billion for the Personal Asset Tax on Business Companies, and AR$218.86 billion for an optional reserve fund for future profit distributions, in line with central bank rules.
The board also agreed to propose a partial release of the optional reserve of up to AR$300 billion to pay a dividend in cash, in kind, or a mix of both, subject to prior authorization from the Argentine central bank and a 7% income tax withholding, implying a proposed dividend of AR$469.1969827049 per share, or 46,919.6982% of capital stock. At the same meeting, directors decided not to seek capitalization of profits or monetary adjustments to capital, signaling a focus on returning value to shareholders through dividends rather than expanding the bank’s capital base at this stage.
The most recent analyst rating on (BMA) stock is a Buy with a $130.00 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
Macro Bank Inc., the English name for Banco Macro S.A., is an Argentine financial institution headquartered in Buenos Aires that operates in the banking industry. The bank focuses on providing a broad range of financial services to individuals and businesses in Argentina, positioning itself as a major player in the country’s retail and commercial banking market.
Average Trading Volume: 290,113
Technical Sentiment Signal: Buy
Current Market Cap: $6.05B
See more insights into BMA stock on TipRanks’ Stock Analysis page.
