Banco Macro S.A.
BMAFinancial Services · Banks - Regional · Stock · monthly payer
Forward Yield
6.64%
Annual Dividend
$4.56
Payout Ratio
100%
5-Yr Growth
—
Ex-Date
Jul 6, 2026
Frequency
Monthly
Key facts about BMA's dividend
Data as of · Source: SmarterDividends data
- As of Oct 8, 2026, Banco Macro S.A. (BMA) has a forward dividend yield of 6.64%, based on an annual dividend of $4.56 per share and a share price of $65.91.
- As of Oct 8, 2026, BMA's dividend safety grade from SmarterDividends is C (54 out of 100), which rates the dividend as borderline.
- BMA last cut its regular dividend in 2025.
- BMA's most recent ex-dividend date was Jul 6, 2026, for a dividend of $0.53 per share.
- As of Oct 8, 2026, BMA pays out 100% of its trailing 12-month earnings as dividends (its payout ratio).
- As of Oct 8, 2026, SmarterDividends' blended fair-value estimate for BMA is $129.82 per share, 97% above the $65.91 share price, so BMA screens as undervalued.
- Banco Macro S.A. (BMA) pays its dividend monthly, 12 times a year.
Cite this page
SmarterDividends, "BMA Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 8, 2026, https://smarterdividends.com/stocks/BMA
Summary
As of Oct 8, 2026, Banco Macro S.A. (BMA) yields 6.64% ($4.56 a year per share) and has a dividend safety grade of C (54/100).
Is BMA a good dividend stock?
MixedBanco Macro S.A. (BMA) pays a monthly dividend yielding 6.64% ($4.56/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
- 310% total price return over 5 years
Risks
- Cut its dividend in 2025
- Elevated payout ratio (100%)
Key Data
- Dividend Yield
- 6.64%
- Payout Ratio
- 100%
- Annual Dividend
- $4.56
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Jul 6, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.41
- Market Cap
- $4.2B
- P/E Ratio
- 14.0
- 5-Yr Total Return
- 310%
- 52-Week Range
- $42.06 – $106.15
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
Is BMA a good dividend stock?
Mixed. Banco Macro S.A. (BMA) pays a monthly dividend yielding 6.64% ($4.56/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.
Is BMA undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BMA's fair value is about $129.82 versus a $65.91 share price — so it looks undervalued (+97% vs. fair value).
Is BMA's dividend safe?
BMA has a dividend-safety grade of C (54/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.
What is BMA's fair value?
Our blended fair-value estimate for BMA is about $129.82 per share, roughly 97% above the current $65.91 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is BMA a buy, hold, or sell?
We don't issue formal ratings, but on the data BMA screens as "mixed" and undervalued. Banco Macro S.A. (BMA) pays a monthly dividend yielding 6.64% ($4.56/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. This is research for your own analysis, not investment advice.
Will BMA cut its dividend?
BMA earns a dividend-safety grade of C (54/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does BMA pay a dividend?
Yes. Banco Macro S.A. pays a monthly dividend of about $4.56 per share annually, a forward yield of roughly 6.64%.
What is BMA's dividend yield?
As of Oct 8, 2026, BMA's forward dividend yield is 6.64%, based on a $4.56 annual dividend and a $65.91 share price.
What is BMA's dividend per share?
As of Oct 8, 2026, BMA pays $4.56 per share per year, distributed on a monthly basis.
What is BMA's dividend payout ratio?
As of Oct 8, 2026, BMA's payout ratio is 100% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has BMA grown its dividend?
BMA does not currently have a long dividend-growth streak on record.
When is the next BMA ex-dividend date?
As of Oct 8, 2026, BMA's next ex-dividend date hasn't been announced. The most recent was Jul 6, 2026, for $0.53 per share.
BMA Price — Last 12 Months
Daily close
Price Return
1 Year
-29%
3 Years
+252%
5 Years
+310%
52-Week Range
$42.06 – $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 $129.82 per share, versus a market price of $65.91. That implies 97% of upside — a margin of safety of about 49%.
Fair Value
$129.82
Current Price
$65.91
Upside
+97%
Margin of Safety
49%
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.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $3.92 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
Full BMA dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 6, 2026 | Jul 14, 2026 | $0.5300 | regular |
| Jun 2, 2026 | Jun 10, 2026 | $0.5300 | regular |
| May 18, 2026 | May 29, 2026 | $0.5450 | regular |
| Apr 20, 2026 | Apr 27, 2026 | $0.4070 | regular |
| Mar 20, 2026 | Mar 27, 2026 | $0.4010 | regular |
| Feb 19, 2026 | Feb 26, 2026 | $0.3820 | regular |
| Jan 22, 2026 | Jan 29, 2026 | $0.3560 | regular |
| Jul 18, 2025 | Jul 25, 2025 | $0.3990 | regular |
| Aug 16, 2024 | Aug 23, 2024 | $1.7980 | regular |
| Jul 22, 2024 | Jul 29, 2024 | $1.7450 | regular |
| Jun 17, 2024 | Jun 24, 2024 | $1.7620 | regular |
| Jan 5, 2024 | Jan 16, 2024 | $0.5960 | regular |
| Sep 20, 2023 | Sep 28, 2023 | $0.4260 | regular |
| Aug 17, 2023 | Aug 25, 2023 | $0.4500 | regular |
Income Calculator
At $4.56 / yr per share
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