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 Thursday, April 11th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.0084 per share by the bank on Wednesday, October 9th. This represents a $0.10 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend is Monday, September 30th.

Grupo Aval Acciones y Valores has decreased its dividend payment by an average of 19.1% annually over the last three years. Grupo Aval Acciones y Valores has a payout ratio of 32.5% 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 $0.13 annual dividend with an expected future payout ratio of 39.4%.

Grupo Aval Acciones y Valores Trading Up 2.5 %

Grupo Aval Acciones y Valores stock opened at $2.07 on Friday. The company has a 50 day moving average price of $2.07 and a 200 day moving average price of $2.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.05 and a current ratio of 0.89. Grupo Aval Acciones y Valores has a 52 week low of $1.94 and a 52 week high of $2.70. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 25.88 and a beta of 0.99.

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its quarterly earnings results on Wednesday, August 14th. The bank reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $953.94 million for the quarter, compared to analysts’ expectations of $994.03 million. Grupo Aval Acciones y Valores had a net margin of 1.30% and a return on equity of 1.46%. Research analysts forecast that Grupo Aval Acciones y Valores will post 0.2 EPS for the current year.

About Grupo Aval Acciones y Valores

Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector customers in Colombia and Central America. It offers traditional deposit services and products, including checking accounts, savings accounts, time deposits, and other deposits. The company also provides commercial loans comprising general purpose loans, working capital loans, leases, loans funded by development banks, corporate credit cards, and overdraft loans; consumer loans, such as payroll loans, personal loans, automobile and other vehicle loans, credit cards, overdrafts, leases, and general purpose loans; and microcredit and mortgage loans.