Grupo Aval Acciones y Valores S.A. (AVAL) to Issue Monthly Dividend of $0.01 on June 8th

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Monday, March 30th. Investors of record on Friday, May 29th will be given a dividend of 0.0144 per share by the bank on Monday, June 8th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, May 29th.

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% meaning 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 Stock Performance

Shares of AVAL opened at $4.42 on Wednesday. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 12.26 and a beta of 0.67. Grupo Aval Acciones y Valores has a 52-week low of $2.25 and a 52-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. The stock has a 50 day moving average price of $4.36 and a 200 day moving average price of $4.10.

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, topping the consensus estimate of $0.10 by $0.02. Grupo Aval Acciones y Valores had a net margin of 5.06% and a return on equity of 6.99%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. Research analysts predict that Grupo Aval Acciones y Valores will post 0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AVAL shares. Citigroup downgraded shares of Grupo Aval Acciones y Valores from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aval Acciones y Valores in a research report on Friday, January 9th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Grupo Aval Acciones y Valores currently has a consensus rating of “Hold”.

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.