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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Thursday, July 30th. Stockholders of record on Friday, January 29th will be given a dividend of 0.0165 per share by the bank on Monday, February 8th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, January 29th.

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% indicating that its dividend is sufficiently covered by earnings. 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

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

Grupo Aval Acciones y Valores (NYSE:AVAL) last posted its quarterly earnings data 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%. Sell-side analysts predict that Grupo Aval Acciones y Valores will post 0.43 earnings per share for the current year.

About Grupo Aval Acciones y Valores

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.