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

Key Points

• Grupo Aval Acciones y Valores S.A. declared a monthly dividend of $0.01, with investors of record on November 28th set to receive it on December 8th, resulting in an annualized yield of 4.2%.
• The company's payout ratio is currently 25.5%, indicating that its dividend is well-covered by earnings, and future projections suggest it can maintain a 39.4% payout ratio next year.
• As of the latest trading session, Grupo Aval stock is priced at $3.27, with a market capitalization of $3.88 billion and a recent performance showing a 52-week low of $1.94 and a high of $3.43.

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) announced a monthly dividend on Thursday, September 4th. Investors of record on Friday, January 30th will be paid a dividend of 0.0115 per share by the bank on Monday, February 9th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, January 30th.

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 Price Performance

Shares of AVAL stock traded up $0.01 on Thursday, hitting $3.39. 35,348 shares of the company's stock were exchanged, compared to its average volume of 39,256. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. Grupo Aval Acciones y Valores has a 12 month low of $1.94 and a 12 month high of $3.44. The stock has a market cap of $4.02 billion, a P/E ratio of 10.90 and a beta of 0.81. The company has a 50 day moving average of $3.08 and a 200 day moving average of $2.88.

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.