Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) Raises Dividend to $0.01 Per Share

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Monday, March 30th. Investors of record on Thursday, April 9th will be given a dividend of 0.0144 per share by the bank on Thursday, April 16th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, April 9th. This is a 25.5% increase from Grupo Aval Acciones y Valores’s previous monthly dividend of $0.01.

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 21.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 3.2%

AVAL stock opened at $4.26 on Tuesday. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 11.84 and a beta of 0.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.01 and a current ratio of 1.08. The business’s 50-day moving average is $4.37 and its two-hundred day moving average is $4.09. 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 released its quarterly earnings results on Thursday, February 26th. The bank reported $0.12 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, analysts forecast that Grupo Aval Acciones y Valores will post 0.21 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on AVAL. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aval Acciones y Valores in a research report on Friday, January 9th. Citigroup cut shares of Grupo Aval Acciones y Valores from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Grupo Aval Acciones y Valores Company Profile

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.