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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Monday, October 7th, NASDAQ reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.0095 per share by the bank on Friday, November 8th. This represents a $0.11 annualized dividend and a dividend yield of 5.67%. The ex-dividend date is Thursday, October 31st. This is a positive change from Grupo Aval Acciones y Valores’s previous monthly dividend of $0.0084322.

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 28.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of NYSE:AVAL opened at $2.01 on Wednesday. The company has a market capitalization of $2.39 billion, a P/E ratio of 25.13 and a beta of 0.98. The company’s 50-day moving average is $2.05 and its 200 day moving average is $2.19. Grupo Aval Acciones y Valores has a fifty-two week low of $1.94 and a fifty-two week high of $2.70.

Grupo Aval Acciones y Valores (NYSE:AVAL) last announced its quarterly earnings data on Wednesday, August 14th. The bank reported $0.04 EPS for the quarter, missing the consensus estimate 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 company had revenue of $953.94 million during the quarter, compared to the consensus estimate of $994.03 million. As a group, research analysts predict that Grupo Aval Acciones y Valores will post 0.2 earnings per share for the current 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.