Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) to Issue Monthly Dividend of $0.01

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Monday, March 30th. Investors of record on Friday, July 31st will be paid a dividend of 0.0144 per share by the bank on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, July 31st.

Grupo Aval Acciones y Valores has decreased its dividend by an average of 0.2%annually over the last three years. Grupo Aval Acciones y Valores has a dividend payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Grupo Aval Acciones y Valores to earn $0.33 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 33.3%.

Grupo Aval Acciones y Valores Price Performance

Shares of NYSE AVAL opened at $4.26 on Tuesday. The business has a fifty day moving average price of $4.37 and a two-hundred day moving average price of $4.09. The stock has a market capitalization of $5.06 billion, a PE ratio of 11.84 and a beta of 0.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.08 and a quick ratio of 1.01. Grupo Aval Acciones y Valores has a fifty-two week low of $2.25 and a fifty-two week high of $5.28.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its quarterly earnings results on Thursday, February 26th. The bank reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Grupo Aval Acciones y Valores had a return on equity of 6.99% and a net margin of 5.06%.The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, equities analysts predict that Grupo Aval Acciones y Valores will post 0.21 earnings per share for the current fiscal 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.