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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) declared a dividend on Saturday, June 21st, investing.com reports. Stockholders of record on Tuesday, July 1st will be given a dividend of 0.0084 per share by the bank on Wednesday, July 9th. This represents a dividend yield of 3.55%. The ex-dividend date of this dividend is Monday, June 30th.

Grupo Aval Acciones y Valores has a dividend payout ratio of 25.5% 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 $0.13 annual dividend with an expected future payout ratio of 39.4%.

Grupo Aval Acciones y Valores Stock Up 1.2%

Shares of AVAL traded up $0.04 during trading hours on Tuesday, hitting $2.86. The stock had a trading volume of 89,616 shares, compared to its average volume of 89,710. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $2.79 and a 200-day simple moving average of $2.63. The firm has a market capitalization of $3.39 billion, a P/E ratio of 11.42 and a beta of 0.83. Grupo Aval Acciones y Valores has a 1-year low of $1.94 and a 1-year high of $3.32.

Grupo Aval Acciones y Valores (NYSE:AVAL - Get Free Report) last issued its earnings results on Monday, May 12th. The bank reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Grupo Aval Acciones y Valores had a net margin of 3.67% and a return on equity of 4.17%. Sell-side analysts predict that Grupo Aval Acciones y Valores will post 0.21 EPS 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.