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

Key Points

• Monthly dividend: Grupo Aval will pay $0.0144 per share to stockholders of record on June 30, paid on July 9, implying an annualized dividend yield of 4.1%.
• Dividend coverage: The firm’s payout ratio is low (21.6%) and dividends have fallen only about 0.2% per year over three years; analysts forecast $0.33 EPS next year, which would support the roughly $0.11 annual dividend (future payout ~33%).
• Market and recent results: AVAL shares opened at $4.26 (market cap ≈ $5.06B) and were up ~3.2%; the bank beat quarterly EPS estimates ($0.12 vs. $0.10) with revenue roughly in line and a P/E of 11.84.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) announced a monthly dividend on Monday, March 30th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.0144 per share by the bank on Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, June 30th.

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 payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 3.2%

Shares of AVAL stock opened at $4.26 on Tuesday. The firm has a market capitalization of $5.06 billion, a P/E ratio of 11.84 and a beta of 0.67. Grupo Aval Acciones y Valores has a 1 year low of $2.25 and a 1 year high of $5.28. The firm's fifty day simple moving average is $4.37 and its 200 day simple moving average is $4.09. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62.

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

Grupo Aval Acciones y Valores Company Profile

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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