Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) Declares $0.01 Monthly Dividend

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Thursday, April 4th, Zacks reports. Investors of record on Wednesday, May 1st will be paid a dividend of 0.008 per share by the bank on Thursday, May 9th. This represents a $0.10 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Tuesday, April 30th.

Grupo Aval Acciones y Valores has decreased its dividend payment by an average of 19.4% annually over the last three years. Grupo Aval Acciones y Valores has a payout ratio of 45.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Aval Acciones y Valores to earn $0.30 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 73.3%.

Grupo Aval Acciones y Valores Price Performance

Shares of NYSE AVAL opened at $2.39 on Friday. The firm has a market cap of $2.84 billion, a PE ratio of 39.84 and a beta of 1.09. The firm has a fifty day moving average of $2.45 and a 200 day moving average of $2.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.05 and a current ratio of 1.05. Grupo Aval Acciones y Valores has a one year low of $2.08 and a one year high of $2.70.

Institutional Investors Weigh In On Grupo Aval Acciones y Valores

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in Grupo Aval Acciones y Valores by 8.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,060,172 shares of the bank’s stock worth $2,682,000 after purchasing an additional 84,400 shares during the last quarter. Vanguard Group Inc. boosted its stake in Grupo Aval Acciones y Valores by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 760,490 shares of the bank’s stock worth $1,871,000 after purchasing an additional 15,762 shares during the last quarter. BlackRock Inc. boosted its stake in Grupo Aval Acciones y Valores by 36.7% during the 1st quarter. BlackRock Inc. now owns 467,705 shares of the bank’s stock worth $1,094,000 after purchasing an additional 125,523 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Grupo Aval Acciones y Valores by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 179,975 shares of the bank’s stock worth $820,000 after purchasing an additional 4,870 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in Grupo Aval Acciones y Valores during the 4th quarter worth $434,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Grupo Aval Acciones y Valores Company Profile

Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector customers in Colombia and Central America. It offers traditional deposit services and products, including checking accounts, savings accounts, time deposits, and other deposits. The company also provides commercial loans comprising general purpose loans, working capital loans, leases, loans funded by development banks, corporate credit cards, and overdraft loans; consumer loans, such as payroll loans, personal loans, automobile and other vehicle loans, credit cards, overdrafts, leases, and general purpose loans; and microcredit and mortgage loans.