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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a monthly dividend on Thursday, July 30th. Investors of record on Thursday, December 31st will be paid a dividend of 0.0165 per share by the bank on Monday, January 11th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, December 31st.

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% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 5.4%

NYSE:AVAL opened at $5.17 on Friday. The company has a market capitalization of $6.13 billion, a PE ratio of 13.96 and a beta of 0.59. Grupo Aval Acciones y Valores has a 52-week low of $2.80 and a 52-week high of $6.20. The stock has a fifty day simple moving average of $5.04 and a 200-day simple moving average of $4.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.56.

Grupo Aval Acciones y Valores (NYSE:AVAL) last released 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, equities research analysts expect that Grupo Aval Acciones y Valores will post 0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Grupo Aval Acciones y Valores from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

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.