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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Wednesday, April 10th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be given 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 by an average of 19.1% per year over the last three years. Grupo Aval Acciones y Valores has a dividend payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of AVAL stock opened at $2.07 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.89 and a quick ratio of 1.05. The business has a fifty day moving average of $2.07 and a 200 day moving average of $2.23. 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 has a 1 year low of $1.94 and a 1 year high of $2.70.

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 the consensus estimate of $0.05 by ($0.01). The business had revenue of $953.94 million during the quarter, compared to analyst estimates of $994.03 million. Grupo Aval Acciones y Valores had a return on equity of 1.46% and a net margin of 1.30%. As a group, research analysts expect that Grupo Aval Acciones y Valores will post 0.2 earnings per share 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.