Grupo Financiero Galicia Finalizes Payment Details for Ps. 150 Billion Cash Dividend
GGAL sits 60% above its 52-week low of $25.89 on elevated volume (2.0× avg).
Summary
Grupo Financiero Galicia SA announced the record and payment dates for its Ps. 150 billion cash dividend, previously approved by shareholders.
Key Events · Financing and Capital Events · GGAL
-
Cash Dividend Payment Details Finalized
The board of directors agreed to pay a cash dividend of Ps. 150,000,228,000, or Ps. 93,385139154438 per share, as approved by shareholders on April 28, 2026.
-
Record and Payment Dates Set
Shareholders registered on May 5, 2026, will receive the dividend on May 8, 2026.
-
Tax Implications Noted
The dividend payment is subject to deductions for Personal Asset Tax and a 7% Argentine Income Tax withholding.
Analysis · GGAL · Finance
This 6-K filing provides the crucial payment logistics for the substantial Ps. 150 billion cash dividend previously approved by shareholders. Investors now have clarity on the record date (May 5, 2026) and payment date (May 8, 2026), along with details on applicable tax withholdings. This finalizes the terms of a significant capital return to shareholders, following the dividend approval announced on April 29, 2026.
At the time of this filing, GGAL was trading at $41.34 on NASDAQ in the Finance sector, with a market capitalization of approximately $7.4B. The 52-week trading range was $25.89 to $65.48. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.