Grupo Aval Acciones y Valores S.A. (AVAL) to Issue Monthly Dividend of $0.01 on April 16th

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Monday, March 30th. Investors of record on Thursday, April 9th will be paid a dividend of 0.0144 per share by the bank on Thursday, April 16th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, April 9th. This is a 25.5% increase from Grupo Aval Acciones y Valores’s previous monthly dividend of $0.01.

Grupo Aval Acciones y Valores has decreased its dividend by an average of 0.2%annually 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 $0.33 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 39.4%.

Grupo Aval Acciones y Valores Trading Up 1.5%

Shares of NYSE:AVAL opened at $4.42 on Tuesday. The company has a market cap of $5.24 billion, a PE ratio of 12.26 and a beta of 0.61. The company’s 50-day moving average price is $4.33 and its 200 day moving average price is $4.13. Grupo Aval Acciones y Valores has a fifty-two week low of $2.25 and a fifty-two week high of $5.28. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.62.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its quarterly earnings data on Thursday, February 26th. The bank reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm 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%. Sell-side analysts anticipate 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.