Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) Plans Monthly Dividend of $0.02

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a monthly dividend on Thursday, July 30th. Shareholders of record on Monday, November 2nd will be given a dividend of 0.0165 per share by the bank on Tuesday, November 10th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, November 2nd.

Grupo Aval Acciones y Valores has decreased its dividend by an average of 0.2%per year over the last three years. Grupo Aval Acciones y Valores has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Grupo Aval Acciones y Valores to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.13 annual dividend with an expected future payout ratio of 22.8%.

Grupo Aval Acciones y Valores Price Performance

Shares of NYSE:AVAL opened at $5.17 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.56. The firm has a 50-day simple moving average of $5.04 and a 200 day simple moving average of $4.62. Grupo Aval Acciones y Valores has a fifty-two week low of $2.80 and a fifty-two week high of $6.20. The company has a market cap of $6.13 billion, a PE ratio of 13.96 and a beta of 0.59.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its earnings results on Wednesday, May 13th. The bank reported $0.08 earnings per share for the quarter. Grupo Aval Acciones y Valores had a return on equity of 6.24% and a net margin of 4.99%. On average, sell-side analysts anticipate that Grupo Aval Acciones y Valores will post 0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Grupo Aval Acciones y Valores from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Grupo Aval Acciones y Valores currently has a consensus rating of “Hold”.

Grupo Aval Acciones y Valores Company Profile

Grupo Aval Acciones y Valores SA is a leading Colombian financial holding company that offers a diversified range of banking and financial services across Latin America. As one of the largest financial conglomerates in Colombia, Grupo Aval provides commercial and retail banking, leasing, insurance brokerage, pension fund management and investment banking through its principal subsidiaries.

Its core banking operations are conducted through a network of well-established institutions, including Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas, which together serve individual consumers, small and medium-sized enterprises and large corporate clients.