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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a monthly dividend on Thursday, July 30th. Shareholders of record on Friday, February 26th will be given a dividend of 0.0165 per share by the bank on Monday, March 8th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, February 26th.

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% meaning its dividend is sufficiently covered by earnings. Equities 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. The firm has a 50-day simple moving average of $5.04 and a 200-day simple moving average of $4.62. Grupo Aval Acciones y Valores has a one year low of $2.80 and a one year high of $6.20. The firm has a market cap of $6.13 billion, a P/E ratio of 13.96 and a beta of 0.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.01.

Grupo Aval Acciones y Valores (NYSE:AVAL) last released its quarterly earnings data on Wednesday, May 13th. The bank reported $0.08 earnings per share (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 analysts anticipate that Grupo Aval Acciones y Valores will post 0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Grupo Aval Acciones y Valores from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Grupo Aval Acciones y Valores currently has a consensus 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.