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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Wednesday, April 10th, Wall Street Journal reports. Shareholders 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 yield of 4.87%. The ex-dividend date is Monday, September 30th.

Grupo Aval Acciones y Valores has decreased its dividend by an average of 19.1% annually over the last three years. Grupo Aval Acciones y Valores has a payout ratio of 32.5% indicating that 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 Stock Up 2.5 %

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

Grupo Aval Acciones y Valores (NYSE:AVAL) last issued its 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 company had revenue of $953.94 million during the quarter, compared to analysts’ expectations of $994.03 million. Grupo Aval Acciones y Valores had a return on equity of 1.46% and a net margin of 1.30%. Equities research analysts forecast that Grupo Aval Acciones y Valores will post 0.2 earnings per share for the current fiscal year.

Grupo Aval Acciones y Valores Company Profile

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.