Banco Macro SA : BMA-US: Dividend Analysis : June 16th, 2017 (record date) : By the numbers : June 16, 2017

Our analysis is based on comparing Banco Macro SA with the following peers – BBVA Banco Frances SA Sponsored ADR, Grupo Financiero Galicia SA Sponsored ADR Class B, Banco Santander-Chile Sponsored ADR, Banco Santander S.A. Sponsored ADR, Citigroup Inc and Banco Santander Rio SA Class B (BFR-US, GGAL-US, BSAC-US, SAN-US, C-US and BRIO-AR).

Banco Macro SA’s dividend yield is 1.74 percent and its dividend payout is percent. This compares to a peer median dividend yield of 1.71 percent and a payout level of 24.57 percent. This relatively higher dividend yield and lower payout ratio makes the company a good candidate for dividend investors looking seeking good current dividend income within this peer group. In addition, the company’s relatively good dividend quality score of 75 out of a possible score of 100, underscores its attractiveness for dividend investors.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Dividends were paid for 4 of the last five years — all of them were also of high quality.
  • The ending cash balance, with a dividend coverage of 35.11x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to March 31, 2017), BMA-US paid a medium quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of -0.26x), investing cash flow (coverage of -1.53x), issuance cash flow (coverage of 2.43x) and twelve-month prior cash (coverage of 26.42x), for a total dividend coverage of 36.11x.

Dividend Coverage by Cash Flow (TTM)

These coverage ratio factors imply that the firm’s net cash inflow from issuance was required (in addition to operating and investment cash) to pay the dividend, which suggests a medium dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 0 0 2.89 0 1.74 1.74
Dividend Payout (%) 0 0 17.2 0 N/A N/A

A complete list of metrics and analysis is available on the company page.

Company Profile

Banco Macro SA engages in the provision of financial and banking services. It operates through the Retail Banking and Corporate Banking segments. It also offers savings, checking accounts, time deposits, fund management, loans, mortgages, and direct banking transactions. The company was founded on November 21, 1966 and is headquartered in Buenos Aires, Argentina.

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