Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a None dividend on Wednesday, September 13th, NASDAQ reports. Stockholders of record on Friday, September 29th will be paid a dividend of 0.034 per share by the bank on Tuesday, October 10th. The ex-dividend date is Thursday, September 28th. This is an increase from Grupo Aval Acciones y Valores’s previous None dividend of $0.03.

Grupo Aval Acciones y Valores has a payout ratio of 55.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Grupo Aval Acciones y Valores to earn $0.78 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 51.3%.

Shares of Grupo Aval Acciones y Valores (NYSE:AVAL) remained flat at $9.02 on Thursday. The company had a trading volume of 2,904 shares. Grupo Aval Acciones y Valores has a 52-week low of $7.18 and a 52-week high of $9.38. The firm’s 50-day moving average is $8.89 and its 200-day moving average is $8.35. The firm has a market capitalization of $10.05 billion, a PE ratio of 15.03 and a beta of 0.55.

AVAL has been the subject of several research analyst reports. BidaskClub raised Grupo Aval Acciones y Valores from a “hold” rating to a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research raised Grupo Aval Acciones y Valores from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. ValuEngine cut Grupo Aval Acciones y Valores from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, Citigroup Inc. raised Grupo Aval Acciones y Valores from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $9.50.

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About Grupo Aval Acciones y Valores

Grupo Aval Acciones y Valores SA is a Colombia-based holding company primarily engaged, through its subsidiaries, in the acquisition, purchase and sale of stocks, bonds and other securities of companies active in the financial sector. The Company provides a variety of financial services and products across the Colombian market, ranging from traditional banking services, such as loans and deposits to pension and severance fund management, as well as the provision of legal representation services.The Company owns such subsidiaries as Banco de Bogota SA, Banco Popular SA, among others.

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

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