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

Grupo Aval Acciones y Valores S.A. (NYSE:AVALGet Free Report) announced a monthly dividend on Thursday, July 30th. Shareholders 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) annualized dividend and a 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 dividend payout ratio of 25.5% meaning 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 Stock Up 5.4%

Shares of AVAL opened at $5.17 on Friday. Grupo Aval Acciones y Valores has a 1 year low of $2.80 and a 1 year high of $6.20. 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 50 day simple moving average of $5.04 and a two-hundred day simple moving average of $4.62. The firm has a market cap of $6.13 billion, a P/E ratio of 13.96 and a beta of 0.59.

Grupo Aval Acciones y Valores (NYSE:AVALGet Free Report) 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%. On average, analysts forecast that Grupo Aval Acciones y Valores will post 0.43 earnings per share for the current fiscal year.

Grupo Aval Acciones y Valores Company Profile

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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.

Further Reading

Dividend History for Grupo Aval Acciones y Valores (NYSE:AVAL)

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