Macro Bank Inc. (NYSE:BMA) Raises Dividend to $0.41 Per Share

Macro Bank Inc. (NYSE:BMA) declared a monthly dividend on Friday, April 10th. Investors 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. 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 $4.88 annual dividend with an expected future payout ratio of 46.8%.

Macro Bank Stock Performance

Shares of BMA opened at $82.16 on Friday. Macro Bank has a 12 month low of $38.30 and a 12 month high of $106.15. The firm has a fifty day simple moving average of $78.42 and a 200 day simple moving average of $80.15. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 0.63 and a beta of 1.52. The company has a current ratio of 1.11, a quick ratio of 1.16 and a debt-to-equity ratio of 0.29.

Macro Bank (NYSE:BMA) last announced its earnings results on Saturday, February 14th. The bank reported $0.11 EPS 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 during the quarter. Research analysts forecast 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.