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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Thursday, April 4th, Zacks reports. Stockholders of record on Wednesday, May 1st will be paid a dividend of 0.008 per share by the bank on Thursday, May 9th. This represents a $0.10 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Tuesday, April 30th.

Grupo Aval Acciones y Valores has decreased its dividend by an average of 19.4% per year over the last three years. Grupo Aval Acciones y Valores has a payout ratio of 26.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Aval Acciones y Valores to earn $0.29 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 44.8%.

Grupo Aval Acciones y Valores Stock Up 1.7 %

Grupo Aval Acciones y Valores stock opened at $2.43 on Friday. The stock has a 50 day moving average of $2.41 and a two-hundred day moving average of $2.39. Grupo Aval Acciones y Valores has a twelve month low of $2.08 and a twelve month high of $2.70. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 40.51 and a beta of 1.09. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.74.

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.