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

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 paid 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 of this dividend 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. 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 opened at $4.26 on Tuesday. Grupo Aval Acciones y Valores has a 1-year low of $2.25 and a 1-year high of $5.28. The stock has a market cap of $5.06 billion, a PE ratio of 11.84 and a beta of 0.67. The firm has a 50-day simple moving average of $4.37 and a two-hundred day simple moving average of $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 issued its quarterly earnings data on Thursday, February 26th. The bank reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. Grupo Aval Acciones y Valores had a net margin of 5.06% and a return on equity of 6.99%. As a group, analysts forecast that Grupo Aval Acciones y Valores will post 0.21 EPS 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.