Macro Bank Inc. (BMA) to Issue Monthly Dividend of $0.36 on December 23rd

Macro Bank Inc. (NYSE:BMA) announced a monthly dividend on Friday, December 5th. Stockholders of record on Tuesday, December 16th will be paid a dividend of 0.3585 per share by the bank on Tuesday, December 23rd. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, December 16th. This is a 2.8% increase from Macro Bank’s previous monthly dividend of $0.35.

Macro Bank has increased its dividend payment by an average of 0.2%per year over the last three years. Macro Bank has a dividend payout ratio of 36.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Macro Bank to earn $10.43 per share next year, which means the company should continue to be able to cover its $4.30 annual dividend with an expected future payout ratio of 41.2%.

Macro Bank Stock Performance

NYSE:BMA opened at $86.86 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. Macro Bank has a twelve month low of $38.30 and a twelve month high of $118.42. The company has a fifty day moving average of $74.34 and a 200-day moving average of $67.85. The firm has a market capitalization of $5.55 billion, a P/E ratio of 39.30, a P/E/G ratio of 1.62 and a beta of 1.46.

Macro Bank (NYSE:BMA) last issued its earnings results on Wednesday, November 26th. The bank reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($1.06). Macro Bank had a return on equity of 8.15% and a net margin of 6.11%.The company had revenue of $668.70 million for the quarter, compared to the consensus estimate of $590.57 million. As a group, sell-side analysts anticipate that Macro Bank will post 7.84 EPS for the current year.

Macro Bank Company Profile

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, and money transfers.