The dividend was pre-announced in the 20-F filed one day prior; the 6-K confirms the exact amounts and mechanics. The in-kind distribution of IRSA shares reduces Cresud's stake in IRSA, which may affect future earnings from that segment. Monitor any subsequent 6-K or 20-F for any change in IRSA ownership or future dividend policy. The large cash dividend suggests strong FY2026 cash generation, but the agricultural segment swung to a loss per the 20-F, so the dividend is a return of prior-year profits, not a sign of improving operations.
Price Chart
Executive Summary
Cresud announced a combined cash and in-kind dividend totaling ARS 116 billion, charged to FY2026 earnings. The cash portion is ARS 81.2 billion (ARS 114.49 per share / ARS 1,144.85 per ADS) and the in-kind portion is ARS 34.8 billion, delivered as 15.1 million IRSA shares at ARS 2,305 each. The record date is October 27, 2026, with payment starting November 5, 2026. This follows the proposed dividend disclosed in the prior day's 20-F filing and represents a large capital return to shareholders.
Key Facts
- Total dividend of ARS 116 billion (ARS 81.2 billion cash + ARS 34.8 billion in-kind IRSA shares).
- Cash dividend per ADS: ARS 1,144.85; per common share: ARS 114.49.
- In-kind dividend: 0.21286 IRSA shares per ADS, 0.02129 IRSA shares per common share.
- Record date: October 27, 2026; payment availability: November 5, 2026.
- 7% Argentine withholding tax deducted from the cash dividend.
- Foreign shareholders may elect to receive dividend in USD subject to MULC access.
Financial Impact
Total distribution of ARS 116 billion (~USD equivalent not stated; based on 709 million shares entitled). Cash component is ~70% of total; in-kind component is ~30%.
Risk Factors
- Argentine peso depreciation risk for USD-denominated ADS holders if the MULC access is denied and foreign shareholders receive pesos.
- The 7% withholding tax reduces net cash received by shareholders.
- In-kind distribution of IRSA shares may create selling pressure on IRSA stock if recipients liquidate.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001034957-26-000073 |
| Document: 0001034957-26-000073-index-headers.html | 0001034957-26-000073 |
| Document: 0001034957-26-000073-index.html | 0001034957-26-000073 |
| Document: 0001034957-26-000073.txt | 0001034957-26-000073 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 6-K | $11.45 $10.79 | ▼ −5.76% | ▼ −6.47% | $10.79 (−5.76%) |
Oct 22, 2026 4d ago | 6-K | $11.45 $10.79 | ▼ −5.76% | ▼ −6.47% | $10.79 (−5.76%) |
Oct 22, 2026 4d ago | 6-K | $10.90 $11.45 | ▲ +5.05% | ▲ +5.57% | $10.79 (−1.01%) |
Oct 21, 2026 5d ago | 20-F | $10.90 $11.45 | ▲ +5.05% | ▲ +5.57% | $10.79 (−1.01%) |
Sep 17, 2026 5w ago | 6-K | $12.83 $12.76 | ▼ −0.55% | ▼ −0.43% | $10.79 (−15.90%) |
Aug 28, 2026 8w ago | 6-K | $11.50 $11.67 | ▲ +1.48% | ▲ +2.17% | $10.79 (−6.17%) |
Aug 27, 2026 8w ago | 6-K | $11.22 $11.06 | ▼ −1.43% | ▼ −1.20% | $10.79 (−3.83%) |
Aug 27, 2026 8w ago | 6-K | $11.22 $11.06 | ▼ −1.43% | ▼ −1.20% | $10.79 (−3.83%) |
Jul 30, 2026 12w ago | Insider Cluster | $11.61 $11.21 | ▼ −3.45% | ▼ −4.15% | $10.79 (−7.06%) |
Jul 14, 2026 14w ago | 6-K | $10.91 $11.04 | ▲ +1.19% | ▲ +0.80% | $10.79 (−1.10%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers