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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) announced a dividend on Saturday, May 31st, investing.com reports. Stockholders of record on Tuesday, June 3rd will be given a dividend of 0.0084 per share by the bank on Tuesday, June 10th. This represents a dividend yield of 3.56%. The ex-dividend date is Monday, June 2nd. This is a 0.0% increase from Grupo Aval Acciones y Valores's previous dividend of $0.0083896.

Grupo Aval Acciones y Valores has decreased its dividend payment by an average of 23.7% annually over the last three years. Grupo Aval Acciones y Valores has a dividend payout ratio of 25.5% meaning 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 Price Performance

Shares of Grupo Aval Acciones y Valores stock traded up $0.13 during trading hours on Monday, reaching $2.96. The company's stock had a trading volume of 178,624 shares, compared to its average volume of 84,558. The stock has a market cap of $3.51 billion, a P/E ratio of 17.38 and a beta of 0.83. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.03 and a quick ratio of 1.00. The firm has a 50 day moving average price of $2.69 and a 200-day moving average price of $2.54. Grupo Aval Acciones y Valores has a one year low of $1.94 and a one year high of $3.32.

Grupo Aval Acciones y Valores (NYSE:AVAL - Get Free Report) last released its earnings results on Monday, May 12th. The bank reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Grupo Aval Acciones y Valores had a return on equity of 2.48% and a net margin of 2.24%. On average, 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 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.