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

Key Points

• Monthly dividend: Grupo Aval declared a monthly dividend of $0.0144 per share, with a record date of May 29 and payable June 8, implying a roughly 4.1% yield.
• Dividend sustainability: The payout ratio is about 21.6%, indicating the dividend is well covered by earnings, though dividends have edged down ~0.2% annually over the past three years.
• Recent financials and market data: The bank reported Q earnings of $0.12 per share (beating the $0.10 estimate) on $1.23B revenue, and its shares trade near $4.26 with a market cap around $5.06 billion.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) declared a monthly dividend on Monday, March 30th. Stockholders of record on Friday, July 31st will be given a dividend of 0.0144 per share by the bank on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, July 31st.

Grupo Aval Acciones y Valores has decreased its dividend payment by an average of 0.2%per year over the last three years. Grupo Aval Acciones y Valores has a dividend payout ratio of 21.6% 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 Up 3.2%

Shares of AVAL stock opened at $4.26 on Tuesday. Grupo Aval Acciones y Valores has a 52-week low of $2.25 and a 52-week high of $5.28. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.01 and a current ratio of 1.08. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 11.84 and a beta of 0.67. The firm's 50-day moving average is $4.37 and its 200-day moving average is $4.09.

Grupo Aval Acciones y Valores (NYSE:AVAL - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The bank reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. Grupo Aval Acciones y Valores had a return on equity of 6.99% and a net margin of 5.06%. Sell-side analysts predict that Grupo Aval Acciones y Valores will post 0.21 EPS for the current year.

About Grupo Aval Acciones y Valores

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.

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