Banco Macro Announces Quarterly Dividend of $0.3985 per Share, Yielding 2.34%

Banco Macro (BMA) has announced a quarterly dividend of $0.3985 per share, yielding 2.34%. The ex-dividend date is August 18 and payment will be made on August 25. This reflects the company's commitment to delivering value to shareholders.

Banco Macro (BMA), a prominent player in the Argentine financial sector, has announced a quarterly dividend of $0.3985 per share, yielding 2.34%. The ex-dividend date is set for August 18, with the dividend payment scheduled for August 25. This dividend reflects the company's commitment to delivering value to its shareholders.

The forward annualized dividend yield, calculated by multiplying the most recent dividend payout amount by its frequency and dividing by the previous close price, stands at 2.34%. This yield is attractive for income-oriented investors seeking stable returns.

Banco Macro's dividend payout ratio, which examines if a company’s earnings can support the current dividend payment amount, is not provided in the latest source materials. However, the company's history of consecutive years of dividend increases suggests a commitment to maintaining and potentially growing its dividend payments.

Comparatively, Enterprise Products Partners (EPD) declared a quarterly dividend of $0.545 per share, representing a 1.9% increase from the previous quarter. The forward yield for EPD is 6.87%, indicating a higher yield compared to BMA's 2.34%. This discrepancy highlights the varying dividend policies and yield preferences among different companies and sectors.

References:
[1] https://www.dividend.com/stocks/financials/banking/banks/bma-banco-macro-sa/
[2] https://seekingalpha.com/news/4466829-banco-macro-declares-0_3985-dividend
[3] https://seekingalpha.com/news/4466049-enterprise-products-partners-raises-dividend-by-2-to-0545-a-share