Banco Macro S.A. (NYSE:BMA) Raises Dividend to $1.74 Per Share

Banco Macro S.A. (NYSE:BMAGet Free Report) announced a monthly dividend on Wednesday, June 5th, Zacks reports. Stockholders of record on Monday, June 17th will be paid a dividend of 1.742 per share by the bank on Monday, June 24th. This represents a $20.90 dividend on an annualized basis and a dividend yield of 36.34%. The ex-dividend date is Monday, June 17th. This is a positive change from Banco Macro’s previous monthly dividend of $0.43.

Banco Macro Trading Up 0.2 %

Shares of NYSE:BMA traded up $0.11 on Friday, reaching $57.53. 42,016 shares of the company traded hands, compared to its average volume of 400,963. Banco Macro has a fifty-two week low of $17.30 and a fifty-two week high of $68.24. The company’s 50 day moving average is $56.57 and its 200-day moving average is $40.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 1.05.

Analyst Ratings Changes

Separately, StockNews.com downgraded Banco Macro from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 15th.

Read Our Latest Analysis on Banco Macro

Banco Macro Company Profile

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Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers.

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Dividend History for Banco Macro (NYSE:BMA)

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