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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Thursday, July 30th. Investors of record on Monday, November 30th will be paid a dividend of 0.0165 per share by the bank on Tuesday, December 8th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, November 30th.

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 payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Grupo Aval Acciones y Valores to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.13 annual dividend with an expected future payout ratio of 22.8%.

Grupo Aval Acciones y Valores Trading Up 5.4%

NYSE AVAL opened at $5.17 on Friday. Grupo Aval Acciones y Valores has a one year low of $2.80 and a one year high of $6.20. The business’s fifty day moving average is $5.04 and its 200-day moving average is $4.62. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 13.96 and a beta of 0.59.

Grupo Aval Acciones y Valores (NYSE:AVAL) last posted its quarterly earnings results on Wednesday, May 13th. The bank reported $0.08 EPS for the quarter. Grupo Aval Acciones y Valores had a net margin of 4.99% and a return on equity of 6.24%. Equities research analysts predict that Grupo Aval Acciones y Valores will post 0.43 EPS for the current year.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

A number of institutional investors have recently made changes to their positions in the stock. HBK Sorce Advisory LLC purchased a new stake in shares of Grupo Aval Acciones y Valores during the 4th quarter valued at $49,000. EverSource Wealth Advisors LLC purchased a new position in Grupo Aval Acciones y Valores in the second quarter worth $34,000. Apollon Wealth Management LLC bought a new position in Grupo Aval Acciones y Valores in the first quarter valued at $55,000. Banco BTG Pactual S.A. increased its stake in Grupo Aval Acciones y Valores by 33.0% in the third quarter. Banco BTG Pactual S.A. now owns 15,587 shares of the bank’s stock valued at $51,000 after acquiring an additional 3,871 shares during the last quarter. Finally, SmartHarvest Portfolios LLC purchased a new stake in Grupo Aval Acciones y Valores during the fourth quarter valued at about $101,000. Institutional investors own 0.21% of the company’s stock.

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.