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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Tuesday, September 21st, Wall Street Journal reports. Shareholders of record on Tuesday, November 30th will be paid a dividend of 0.0212 per share by the bank on Wednesday, December 8th. This represents a $0.25 annualized dividend and a yield of 4.52%. The ex-dividend date is Monday, November 29th.

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 47.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Aval Acciones y Valores to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.31 annual dividend with an expected future payout ratio of 36.5%.

NYSE AVAL traded down $0.06 during trading on Tuesday, hitting $5.63. The company’s stock had a trading volume of 92,436 shares, compared to its average volume of 143,484. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $6.25 billion, a PE ratio of 7.10 and a beta of 1.42. The business’s 50 day simple moving average is $5.57 and its 200-day simple moving average is $5.85. Grupo Aval Acciones y Valores has a fifty-two week low of $4.40 and a fifty-two week high of $7.03.

A hedge fund recently raised its stake in Grupo Aval Acciones y Valores stock. Morgan Stanley boosted its stake in shares of Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) by 209.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,067 shares of the bank’s stock after acquiring an additional 10,867 shares during the quarter. Morgan Stanley’s holdings in Grupo Aval Acciones y Valores were worth $100,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 3.18% of the company’s stock.

Several equities research analysts have weighed in on AVAL shares. JPMorgan Chase & Co. raised Grupo Aval Acciones y Valores from an “underweight” rating to a “neutral” rating and set a $5.50 price target for the company in a report on Thursday, August 5th. Zacks Investment Research upgraded Grupo Aval Acciones y Valores from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Monday, August 16th.

About Grupo Aval Acciones y Valores

Grupo Aval Acciones y Valores SA engages in the provision of financial services and products. It operates through the following segments: Banco de Bogota, Banco de Occidente, Banco AV Villas, Banco Popular, Corficolombiana, and Other. The Banco de Bogota segment offers banking services and products. The Banco de Occidente segment focuses on the corporate customers, government and government-owned entities, and retail customers.

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

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