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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) declared a monthly dividend on Thursday, October 10th, Wall Street Journal reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.0095 per share by the bank on Monday, February 10th. This represents a $0.11 annualized dividend and a yield of 5.59%. The ex-dividend date is Friday, January 31st.

Grupo Aval Acciones y Valores has decreased its dividend payment 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 Stock Down 0.5 %

AVAL traded down $0.01 during midday trading on Thursday, reaching $2.04. 11,365 shares of the company were exchanged, compared to its average volume of 63,632. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 25.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.05 and a current ratio of 0.89. The company's fifty day moving average price is $2.06 and its 200 day moving average price is $2.22. Grupo Aval Acciones y Valores has a one year low of $1.94 and a one year high of $2.70.

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