GGAL is trading 2.2% down at $48.93 as the market continues to react to the company’s cash dividend schedule announcement.
- The company announced a planned Ps. 39,999,772,000 cash dividend, equivalent to Ps. 24.90 per share, to be paid in three installments following shareholder approval.
- Broader U.S. equities are also trading softer today, which may be contributing to the downward pressure on the stock.