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

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. Stockholders of record on Friday, February 27th will be given 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 dividend 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% indicating that 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 $0.13 annual dividend with an expected future payout ratio of 39.4%.

Grupo Aval Acciones y Valores Trading Up 0.1%

Shares of Grupo Aval Acciones y Valores stock traded up $0.01 during trading hours on Wednesday, hitting $3.39. The company's stock had a trading volume of 1,712 shares, compared to its average volume of 118,108. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a 50 day moving average of $3.06 and a 200 day moving average of $2.88. The company has a market capitalization of $4.02 billion, a PE ratio of 10.90 and a beta of 0.81. Grupo Aval Acciones y Valores has a 12 month low of $1.94 and a 12 month high of $3.44.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVAL. Sage Advisors LLC purchased a new stake in shares of Grupo Aval Acciones y Valores in the first quarter worth approximately $30,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Grupo Aval Acciones y Valores in the first quarter worth about $34,000. EverSource Wealth Advisors LLC bought a new stake in shares of Grupo Aval Acciones y Valores in the second quarter worth about $34,000. Inspire Investing LLC lifted its holdings in shares of Grupo Aval Acciones y Valores by 37.4% during the first quarter. Inspire Investing LLC now owns 20,129 shares of the bank's stock valued at $55,000 after purchasing an additional 5,484 shares during the last quarter. Finally, Vise Technologies Inc. purchased a new position in Grupo Aval Acciones y Valores in the 2nd quarter worth approximately $56,000. 0.21% of the stock is owned by institutional investors and hedge funds.

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.