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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) declared a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.0084 per share by the bank on Wednesday, October 8th. This represents a $0.10 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Tuesday, September 30th.

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 26.5% 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 $0.13 annual dividend with an expected future payout ratio of 39.4%.

Grupo Aval Acciones y Valores Stock Performance

Grupo Aval Acciones y Valores stock traded up $0.15 during mid-day trading on Friday, reaching $2.46. The company had a trading volume of 383,935 shares, compared to its average volume of 77,550. The company has a 50 day moving average of $2.79 and a 200-day moving average of $2.36. Grupo Aval Acciones y Valores has a 52 week low of $1.94 and a 52 week high of $3.32. 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 cap of $2.92 billion, a price-to-earnings ratio of 14.47 and a beta of 0.72.

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.