Grupo Aval Acciones y Valores S.A. (AVAL) to Issue Monthly Dividend of $0.01 on January 9th

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Thursday, September 4th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.0115 per share by the bank on Friday, January 9th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, December 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 dividend payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Equities 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

Shares of AVAL stock opened at $4.20 on Monday. The firm has a 50 day moving average of $4.14 and a 200-day moving average of $3.49. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 12.73 and a beta of 0.69. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.69. Grupo Aval Acciones y Valores has a 52 week low of $2.00 and a 52 week high of $4.50.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its earnings results on Thursday, November 13th. The bank reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Grupo Aval Acciones y Valores had a net margin of 4.61% and a return on equity of 5.95%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.23 billion. On average, equities analysts forecast that Grupo Aval Acciones y Valores will post 0.21 earnings per share for the current year.

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.