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

Grupo Aval Acciones y Valores S.A. (NYSE:AVALGet Free Report) announced a monthly dividend on Thursday, July 30th. Investors of record on Friday, January 29th will be given a dividend of 0.0165 per share by the bank on Monday, February 8th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, January 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 dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Grupo Aval Acciones y Valores to earn $0.57 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 22.8%.

Grupo Aval Acciones y Valores Trading Up 5.4%

Shares of AVAL opened at $5.17 on Friday. The firm’s 50-day moving average price is $5.04 and its 200-day moving average price is $4.62. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 13.96 and a beta of 0.59. Grupo Aval Acciones y Valores has a 1-year low of $2.80 and a 1-year high of $6.20.

Grupo Aval Acciones y Valores (NYSE:AVALGet Free Report) last released its quarterly earnings results on Wednesday, May 13th. The bank reported $0.08 earnings per share for the quarter. Grupo Aval Acciones y Valores had a return on equity of 6.24% and a net margin of 4.99%. Sell-side analysts anticipate that Grupo Aval Acciones y Valores will post 0.43 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Grupo Aval Acciones y Valores from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Read Our Latest Analysis on Grupo Aval Acciones y Valores

Grupo Aval Acciones y Valores Company Profile

(Get Free Report)

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.

Further Reading

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

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