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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) announced a dividend on Friday, July 18th, investing.com reports. Shareholders of record on Friday, August 1st will be given a dividend of 0.0084 per share by the bank on Friday, August 8th. This represents a yield of 3.33%. The ex-dividend date of this dividend is Thursday, July 31st.

Grupo Aval Acciones y Valores has a dividend 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 Trading Down 0.8%

AVAL stock traded down $0.03 during trading on Monday, reaching $2.97. 20,383 shares of the stock traded hands, compared to its average volume of 92,365. The business's 50 day moving average price is $2.85 and its 200-day moving average price is $2.73. Grupo Aval Acciones y Valores has a 52-week low of $1.94 and a 52-week high of $3.32. 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 market capitalization of $3.52 billion, a PE ratio of 11.86 and a beta of 0.82.

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