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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a monthly dividend on Monday, September 20th, Wall Street Journal reports. Shareholders of record on Monday, November 1st will be paid a dividend of 0.0212 per share by the bank on Tuesday, November 9th. This represents a $0.25 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Friday, October 29th.

Grupo Aval Acciones y Valores has decreased its dividend by 18.0% over the last three years and has increased its dividend annually for the last 1 consecutive years. Grupo Aval Acciones y Valores has a dividend payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Grupo Aval Acciones y Valores to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 32.9%.

AVAL stock opened at $6.07 on Thursday. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 7.68 and a beta of 1.42. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $5.78 and a 200-day simple moving average of $5.79. Grupo Aval Acciones y Valores has a 52 week low of $4.40 and a 52 week high of $7.03.

Grupo Aval Acciones y Valores (NYSE:AVAL) last released its quarterly earnings data on Wednesday, August 11th. The bank reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $1.29 billion during the quarter. Grupo Aval Acciones y Valores had a return on equity of 8.17% and a net margin of 11.15%. As a group, analysts expect that Grupo Aval Acciones y Valores will post 0.73 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Grupo Aval Acciones y Valores stock. Morgan Stanley increased its holdings in shares of Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) by 209.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,067 shares of the bank’s stock after purchasing an additional 10,867 shares during the period. Morgan Stanley’s holdings in Grupo Aval Acciones y Valores were worth $100,000 as of its most recent filing with the Securities and Exchange Commission. 3.18% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on AVAL. Zacks Investment Research downgraded Grupo Aval Acciones y Valores from a “buy” rating to a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. raised shares of Grupo Aval Acciones y Valores from an “underweight” rating to a “neutral” rating and set a $5.50 price target for the company in a research report on Thursday, August 5th. Finally, Grupo Santander cut shares of Grupo Aval Acciones y Valores from a “buy” rating to a “hold” rating in a research report on Friday, September 24th.

About Grupo Aval Acciones y Valores

Grupo Aval Acciones y Valores SA engages in the provision of financial services and products. It operates through the following segments: Banco de Bogota, Banco de Occidente, Banco AV Villas, Banco Popular, Corficolombiana, and Other. The Banco de Bogota segment offers banking services and products. The Banco de Occidente segment focuses on the corporate customers, government and government-owned entities, and retail customers.

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Dividend History for Grupo Aval Acciones y Valores (NYSE:AVAL)

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