Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) to Issue Monthly Dividend of $0.02

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Thursday, July 30th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.0165 per share by the bank on Thursday, October 8th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, September 30th. This is a 14.6% increase from Grupo Aval Acciones y Valores’s previous monthly dividend of $0.01.

Grupo Aval Acciones y Valores has decreased its dividend by an average of 0.2%annually over the last three years. Grupo Aval Acciones y Valores has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Grupo Aval Acciones y Valores to earn $0.57 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 22.8%.

Grupo Aval Acciones y Valores Stock Performance

Shares of AVAL stock opened at $5.17 on Friday. The company has a fifty day moving average price of $5.04 and a two-hundred day moving average price of $4.62. Grupo Aval Acciones y Valores has a one year low of $2.80 and a one year high of $6.20. The stock has a market cap of $6.13 billion, a P/E ratio of 13.96 and a beta of 0.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.01 and a quick ratio of 1.01.

Grupo Aval Acciones y Valores (NYSE:AVAL) last released its quarterly earnings data on Wednesday, May 13th. The bank reported $0.08 earnings per share for the quarter. Grupo Aval Acciones y Valores had a net margin of 4.99% and a return on equity of 6.24%. As a group, equities analysts predict that Grupo Aval Acciones y Valores will post 0.43 EPS for the current year.

Institutional Investors Weigh In On Grupo Aval Acciones y Valores

Hedge funds have recently bought and sold shares of the stock. Pekin Hardy Strauss Inc. boosted its holdings in shares of Grupo Aval Acciones y Valores by 384.2% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 387,400 shares of the bank’s stock worth $1,569,000 after acquiring an additional 307,400 shares during the period. Marshall Wace LLP increased its stake in shares of Grupo Aval Acciones y Valores by 683.5% during the fourth quarter. Marshall Wace LLP now owns 275,148 shares of the bank’s stock worth $1,114,000 after purchasing an additional 240,028 shares during the period. Jane Street Group LLC acquired a new stake in Grupo Aval Acciones y Valores during the 2nd quarter worth approximately $155,000. Renaissance Technologies LLC boosted its stake in Grupo Aval Acciones y Valores by 6.0% in the 1st quarter. Renaissance Technologies LLC now owns 895,772 shares of the bank’s stock valued at $3,941,000 after purchasing an additional 50,912 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Grupo Aval Acciones y Valores by 34.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 139,173 shares of the bank’s stock valued at $458,000 after purchasing an additional 35,862 shares during the period. 0.21% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Aval Acciones y Valores

Grupo Aval Acciones y Valores SA is a leading Colombian financial holding company that offers a diversified range of banking and financial services across Latin America. As one of the largest financial conglomerates in Colombia, Grupo Aval provides commercial and retail banking, leasing, insurance brokerage, pension fund management and investment banking through its principal subsidiaries.

Its core banking operations are conducted through a network of well-established institutions, including Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas, which together serve individual consumers, small and medium-sized enterprises and large corporate clients.