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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a dividend on Wednesday, July 31st, investing.com reports. Stockholders of record on Thursday, August 1st will be paid a dividend of 0.0084 per share by the bank on Friday, August 9th. This represents a dividend yield of 4.86%. The ex-dividend date of this dividend is Wednesday, July 31st.

Grupo Aval Acciones y Valores has decreased its dividend by an average of 19.1% annually over the last three years. Grupo Aval Acciones y Valores has a dividend payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Grupo Aval Acciones y Valores to earn $0.42 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 31.0%.

Grupo Aval Acciones y Valores Stock Performance

NYSE:AVAL opened at $2.12 on Thursday. The firm’s fifty day moving average price is $2.23 and its 200 day moving average price is $2.38. Grupo Aval Acciones y Valores has a 1-year low of $2.07 and a 1-year high of $2.70. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 1.05. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 26.50 and a beta of 0.98.

Grupo Aval Acciones y Valores (NYSE:AVAL) last posted its quarterly earnings data on Wednesday, May 15th. The bank reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). Grupo Aval Acciones y Valores had a net margin of 1.17% and a return on equity of 0.65%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.01 billion. On average, sell-side analysts expect that Grupo Aval Acciones y Valores will post 0.26 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.