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Grupo Supervielle S.A. (NYSE:SUPV), a prominent financial services group based in Argentina with a market capitalization of $1.47 billion, has declared a substantial cash dividend for its shareholders, as revealed in a recent SEC filing. The announcement comes as the company’s stock has delivered an impressive 168% return over the past year, according to InvestingPro data. The announcement follows the resolution passed in the Annual Ordinary and Extraordinary Shareholders Meeting and the subsequent Board of Directors meeting, both held on April 22, 2025.
The company has resolved to release a voluntary reserve established for dividend distribution, resulting in a payout of AR$ 27,137,438,447. This amount represents a considerable 6,199.567363909% of the company’s capital, excluding shares held in treasury. With a P/E ratio of 12.36 and trailing twelve-month earnings per share of $0.28, the company maintains solid profitability metrics despite challenging market conditions. Shareholders on record as of April 29, 2025, will be eligible for the dividend, which is scheduled for distribution starting April 30, 2025.
Each outstanding share will receive AR$ 61.99567363909, while holders of American Depositary Shares (ADS) will be allocated AR$ 309.97836819547 per ADS. The total dividend corresponds to earnings accumulated from previous fiscal years.
Shareholders of Class A and B shares can collect their dividends through Caja de Valores S.A. in Buenos Aires during business hours, starting on the payment date. Holders of ADSs will receive their dividends through The Bank of New York Mellon (NYSE:BK), the depositary bank, in accordance with applicable regulations and conversion rules for foreign currency, if necessary.
The dividend distribution is based on profits from the year 2018 and is subject to a 7% withholding tax as per the Argentine Income Tax Law. Additionally, dividends may be subject to the Personal Assets Tax withholding for the fiscal year 2024, applicable to shareholders liable for this tax.
This significant dividend payout underscores Grupo Supervielle’s financial strength and commitment to shareholder returns, based on the company’s past performance. The company currently maintains a "GREAT" financial health score according to InvestingPro, which offers 8 additional exclusive insights about SUPV’s performance and outlook. The information disclosed is based on a press release statement and reflects the company’s compliance with regulatory requirements and its transparent communication with investors. For investors seeking deeper analysis, InvestingPro provides comprehensive financial metrics and expert insights to make informed investment decisions.
In other recent news, Grupo Supervielle S.A. has announced a significant corporate governance update with the resignation of its Regular Director, Mr. José Orlando, and the subsequent appointment of Mr. Gabriel Alberto Coqueugniot. The change was officially communicated in a filing with the U.S. Securities and Exchange Commission, reflecting the company’s adherence to regulatory requirements. Additionally, Grupo Supervielle’s Board of Directors has approved the sale of up to 4,567,223 of its own Class B shares. This strategic decision aims to enhance market liquidity and provide capital for its subsidiary, Supervielle Agente de Negociación S.A.U. The company plans to execute this share sale between August 2025 and April 2026, in compliance with Argentine regulations. These developments highlight Grupo Supervielle’s ongoing efforts to manage its financial structure and align with market conditions. The company’s recent actions are part of a broader strategy to optimize its operations and support growth initiatives.
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