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

Key Points

• Grupo Aval Acciones y Valores S.A. has declared a dividend of $0.0084 per share, with a record date of September 1st and an ex-dividend date of August 29th.
• The company has a dividend payout ratio of 25.5%, suggesting that its dividend is well-supported by earnings, and is expected to cover the future annual dividend of $0.13 with a projected payout ratio of 39.4%.
• As of the latest trading session, shares opened at $3.30, giving the company a market capitalization of $3.92 billion and indicating a twelve-month price range between $1.94 and $3.35.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) declared a monthly dividend on Monday, April 7th, investing.com reports. Investors of record on Friday, August 29th will be paid a dividend of 0.0084 per share by the bank on Monday, September 8th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 29th.

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

Grupo Aval Acciones y Valores stock traded up $0.04 during trading hours on Wednesday, hitting $3.36. The stock had a trading volume of 99,411 shares, compared to its average volume of 123,237. 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 market capitalization of $3.99 billion, a price-to-earnings ratio of 10.84 and a beta of 0.81. Grupo Aval Acciones y Valores has a 1-year low of $1.94 and a 1-year high of $3.43. The stock's fifty day moving average is $2.96 and its two-hundred day moving average is $2.85.

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.