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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a monthly dividend on Friday, October 11th, Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.0095 per share by the bank on Monday, March 10th. This represents a $0.11 annualized dividend and a yield of 5.59%. The ex-dividend date is Friday, February 28th.

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

Grupo Aval Acciones y Valores Price Performance

Shares of AVAL opened at $2.04 on Friday. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 25.50 and a beta of 0.98. Grupo Aval Acciones y Valores has a 1 year low of $1.94 and a 1 year high of $2.70. The business’s 50 day simple moving average is $2.06 and its 200-day simple moving average is $2.22.

Grupo Aval Acciones y Valores (NYSE:AVAL) last released its quarterly earnings results 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 net margin of 1.30% and a return on equity of 1.46%. The business had revenue of $953.94 million for the quarter, compared to analysts’ expectations of $994.03 million. On average, sell-side analysts expect that Grupo Aval Acciones y Valores will post 0.2 earnings per share for the current 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.