Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) Plans Dividend Increase – $0.01 Per Share

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Wednesday, October 9th, Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.0095 per share by the bank on Monday, December 9th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date is Friday, November 29th. This is a positive change from Grupo Aval Acciones y Valores’s previous monthly dividend of $0.0094972.

Grupo Aval Acciones y Valores has decreased its dividend payment by an average of 19.1% annually over the last three years. Grupo Aval Acciones y Valores has a dividend payout ratio of 28.2% 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 $0.11 annual dividend with an expected future payout ratio of 33.3%.

Grupo Aval Acciones y Valores Stock Performance

Grupo Aval Acciones y Valores stock opened at $2.04 on Friday. The business has a 50 day moving average of $2.06 and a 200-day moving average of $2.22. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.89 and a quick ratio of 1.05. Grupo Aval Acciones y Valores has a 1 year low of $1.94 and a 1 year high of $2.70. The company has a market capitalization of $2.42 billion, a P/E ratio of 25.50 and a beta of 0.98.

Grupo Aval Acciones y Valores (NYSE:AVAL) last announced its quarterly earnings results on Wednesday, August 14th. The bank reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $953.94 million during the quarter, compared to analyst estimates of $994.03 million. Grupo Aval Acciones y Valores had a net margin of 1.30% and a return on equity of 1.46%. On average, equities research analysts predict that Grupo Aval Acciones y Valores will post 0.2 earnings per share 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.