Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) Raises Dividend to $0.01 Per Share

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Wednesday, October 9th, Wall Street Journal reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.0095 per share by the bank on Monday, December 9th. This represents a $0.11 annualized dividend and a yield of 5.56%. The ex-dividend date is Friday, November 29th. This is an increase from Grupo Aval Acciones y Valores’s previous monthly dividend of $0.0094972.

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 payout ratio of 28.2% meaning 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 $0.11 annual dividend with an expected future payout ratio of 33.3%.

Grupo Aval Acciones y Valores Trading Up 0.5 %

AVAL stock traded up $0.01 during midday trading on Wednesday, hitting $2.05. The company had a trading volume of 36,377 shares, compared to its average volume of 63,898. 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 stock has a market cap of $2.43 billion, a price-to-earnings ratio of 25.50 and a beta of 0.98. The stock’s 50 day moving average price is $2.06 and its 200 day moving average price is $2.22. Grupo Aval Acciones y Valores has a 52 week low of $1.94 and a 52 week high of $2.70.

Grupo Aval Acciones y Valores (NYSE:AVAL) last posted its quarterly earnings data on Wednesday, August 14th. The bank reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Grupo Aval Acciones y Valores had a return on equity of 1.46% and a net margin of 1.30%. The firm had revenue of $953.94 million during the quarter, compared to the consensus estimate of $994.03 million. As a group, equities research analysts expect that Grupo Aval Acciones y Valores will post 0.2 earnings per share for the current fiscal 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.