Banco Macro S.A.
BMAFinancial Services · Stock · monthly payer
Forward Yield
7.09%
Annual Dividend
$5.32
Payout Ratio
125%
5-Yr Growth
—
Ex-Date
Jul 6, 2026
Frequency
Monthly
Summary
As of September 2026, Banco Macro S.A. (BMA) yields 7.09% ($5.32 per share annually), with a blended fair-value estimate of $163.25 — +117% upside, so it screens as undervalued. Dividend safety grade: C (55/100).
Is BMA a good dividend stock?
MixedBanco Macro S.A. (BMA) pays a monthly dividend yielding 7.09% ($5.32/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- 377% total price return over 5 years
Risks
- Cut its dividend in 2025
- Elevated payout ratio (125%)
Key Data
- Dividend Yield
- 7.09%
- Payout Ratio
- 125%
- Annual Dividend
- $5.32
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Jul 6, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.41
- Market Cap
- $4.8B
- P/E Ratio
- 19.0
- 5-Yr Total Return
- 377%
- 52-Week Range
- $39.30 – $106.15
- Dividend Safety
- C · 55/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
BMA Price — Last 12 Months
Daily close
Price Return
1 Year
-17%
3 Years
+310%
5 Years
+377%
52-Week Range
$39.30 – $106.15
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BMA worth?
Undervaluedlow confidenceOur blended fair-value estimate for Banco Macro S.A. is $163.25 per share, versus a market price of $75.06. That implies 117% of upside — a margin of safety of about 54%.
Fair Value
$163.25
Current Price
$75.06
Upside
+117%
Margin of Safety
54%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $3.96 EPS, $5.32 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BMA Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 6, 2026 | — | $0.5300 | regular |
| Jun 2, 2026 | — | $0.5480 | regular |
| Jun 2, 2026 | — | $0.5300 | regular |
| May 18, 2026 | — | $0.5530 | regular |
| May 18, 2026 | — | $0.5450 | regular |
| Apr 20, 2026 | — | $0.4070 | regular |
| Mar 20, 2026 | — | $0.4010 | regular |
| Feb 19, 2026 | — | $0.3820 | regular |
| Jan 22, 2026 | — | $0.3560 | regular |
| Jul 18, 2025 | — | $0.3990 | regular |
| Aug 16, 2024 | — | $1.7980 | regular |
| Jul 22, 2024 | — | $1.7450 | regular |
| Jun 17, 2024 | — | $1.7620 | regular |
| Jan 5, 2024 | — | $0.5960 | regular |
Income Calculator
At $5.32 / yr per share
