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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a monthly dividend on Monday, October 7th,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 5.53%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Grupo Aval Acciones y Valores’s previous monthly dividend of $0.0094972.

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 29.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Grupo Aval Acciones y Valores to earn $0.34 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 32.4%.

Grupo Aval Acciones y Valores Stock Down 2.8 %

Shares of NYSE AVAL opened at $2.06 on Thursday. The company has a market capitalization of $2.45 billion, a P/E ratio of 12.12 and a beta of 0.98. Grupo Aval Acciones y Valores has a 52-week low of $1.94 and a 52-week high of $2.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50 day moving average price is $2.04 and its 200-day moving average price is $2.14.

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.