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 - Get Free Report) declared a monthly dividend on Wednesday, October 9th, Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given 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 5.62%. 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 28.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 $0.11 annual dividend with an expected future payout ratio of 33.3%.

Grupo Aval Acciones y Valores Price Performance

Shares of AVAL traded down $0.01 during mid-day trading on Wednesday, reaching $2.03. 36,377 shares of the stock traded hands, compared to its average volume of 63,898. The firm has a fifty day moving average price of $2.06 and a 200 day moving average price of $2.22. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 25.38 and a beta of 0.98. The company has a current ratio of 0.89, a quick ratio of 1.05 and a debt-to-equity ratio of 0.77. Grupo Aval Acciones y Valores has a 1 year low of $1.94 and a 1 year high of $2.70.

Grupo Aval Acciones y Valores (NYSE:AVAL - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The bank reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The firm had revenue of $953.94 million for the quarter, compared to analysts' expectations of $994.03 million. Grupo Aval Acciones y Valores had a net margin of 1.30% and a return on equity of 1.46%. As a group, equities research analysts predict that Grupo Aval Acciones y Valores will post 0.2 earnings per share for the current year.

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.