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 dividend on Friday, April 4th, investing.com reports. Shareholders of record on Monday, April 14th will be paid a dividend of 0.0089 per share by the bank on Thursday, April 17th. This represents a yield of 3.93%. The ex-dividend date of this dividend is Friday, April 11th. This is a 5.3% increase from Grupo Aval Acciones y Valores’s previous dividend of $0.0084322.

Grupo Aval Acciones y Valores has decreased its dividend payment by an average of 23.7% annually over the last three years. Grupo Aval Acciones y Valores has a payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 $0.12 annual dividend with an expected future payout ratio of 36.4%.

Grupo Aval Acciones y Valores Trading Down 8.7 %

Shares of AVAL opened at $2.48 on Friday. The stock’s fifty day simple moving average is $2.83 and its 200-day simple moving average is $2.35. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $2.94 billion, a PE ratio of 14.56 and a beta of 1.05. Grupo Aval Acciones y Valores has a 12-month low of $1.94 and a 12-month high of $3.32.

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.