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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Monday, March 30th. Shareholders of record on Friday, May 1st will be paid a dividend of 0.0144 per share by the bank on Monday, May 11th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, May 1st.

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 21.6% indicating that 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 Price Performance

Shares of AVAL stock traded up $0.15 during trading hours on Tuesday, hitting $4.41. 153,083 shares of the company’s stock were exchanged, compared to its average volume of 175,868. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $5.23 billion, a PE ratio of 12.24 and a beta of 0.67. The business’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $4.09. Grupo Aval Acciones y Valores has a 12-month low of $2.25 and a 12-month high of $5.28.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its earnings results on Thursday, February 26th. The bank reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. Grupo Aval Acciones y Valores had a net margin of 5.06% and a return on equity of 6.99%. On average, equities research analysts anticipate that Grupo Aval Acciones y Valores will post 0.21 earnings per share for the current 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.