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

Key Points

• Grupo Aval Acciones y Valores S.A. has announced a monthly dividend of $0.0115 per share, which represents a 37.1% increase from the previous dividend of $0.00839.
• The company has a payout ratio of 25.5%, indicating that its dividend is well-covered by earnings, and it is expected to maintain a similar payout ratio in the future.
• As of the latest trading day, Grupo Aval's stock is down 0.9%, with a current price of $3.27 and a market cap of $3.88 billion.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) announced a monthly dividend on Thursday, September 4th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.0115 per share by the bank on Monday, March 9th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, February 27th.

Grupo Aval Acciones y Valores has a payout ratio of 25.5% meaning 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 0.1%

Grupo Aval Acciones y Valores stock traded up $0.01 during mid-day trading on Thursday, reaching $3.39. The stock had a trading volume of 35,348 shares, compared to its average volume of 39,256. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. Grupo Aval Acciones y Valores has a fifty-two week low of $1.94 and a fifty-two week high of $3.44. The stock's 50-day simple moving average is $3.08 and its 200-day simple moving average is $2.88. The firm has a market capitalization of $4.02 billion, a PE ratio of 10.90 and a beta of 0.81.

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.