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


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Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Thursday, April 15th, Wall Street Journal reports. Investors of record on Tuesday, August 31st will be paid a dividend of 0.0222 per share by the bank on Thursday, September 9th. This represents a $0.27 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Monday, August 30th.

Grupo Aval Acciones y Valores has decreased its dividend payment by 18.0% over the last three years and has increased its dividend every year for the last 1 years. Grupo Aval Acciones y Valores has a payout ratio of 49.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Grupo Aval Acciones y Valores to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 51.7%.

Shares of Grupo Aval Acciones y Valores stock opened at $6.40 on Friday. The business’s fifty day simple moving average is $6.31 and its 200-day simple moving average is $6.01. Grupo Aval Acciones y Valores has a 52 week low of $3.70 and a 52 week high of $7.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.83. The firm has a market cap of $7.13 billion, a PE ratio of 10.00 and a beta of 1.39.

Grupo Aval Acciones y Valores (NYSE:AVAL) last released its quarterly earnings data on Friday, March 12th. The bank reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. Grupo Aval Acciones y Valores had a return on equity of 7.12% and a net margin of 9.11%. The business had revenue of $1.49 billion for the quarter. As a group, equities analysts expect that Grupo Aval Acciones y Valores will post 0.47 earnings per share for the current year.

Separately, Zacks Investment Research raised Grupo Aval Acciones y Valores from a “sell” rating to a “hold” rating in a research report on Tuesday, February 23rd.

About Grupo Aval Acciones y Valores

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. The company offers deposit products and services, such as checking and savings accounts, and time deposits, as well as other deposits, including deposits from correspondent banks, cashier checks, and collection services.

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Dividend History for Grupo Aval Acciones y Valores (NYSE:AVAL)

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