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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a monthly dividend on Monday, March 30th. Shareholders of record on Monday, August 31st will be given a dividend of 0.0144 per share by the bank on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, August 31st.

Grupo Aval Acciones y Valores has decreased its dividend payment by an average of 0.2%annually over the last three years. Grupo Aval Acciones y Valores has a payout ratio of 21.6% indicating that 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 Performance

NYSE:AVAL 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. Grupo Aval Acciones y Valores has a 1 year low of $2.25 and a 1 year high of $5.28. The stock’s 50 day simple moving average is $4.37 and its two-hundred day simple moving average is $4.09. 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 (NYSE:AVAL) last posted its earnings results on Thursday, February 26th. The bank reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Grupo Aval Acciones y Valores had a net margin of 5.06% and a return on equity of 6.99%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. As a group, equities analysts anticipate 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.