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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) announced a monthly dividend on Friday, October 11th, Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.0095 per share by the bank on Monday, March 10th. This represents a $0.11 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date is Friday, February 28th.

Grupo Aval Acciones y Valores has decreased its dividend by an average of 19.1% per year 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

AVAL stock traded down $0.01 on Friday, reaching $2.04. 18,358 shares of the company were exchanged, compared to its average volume of 63,402. The firm has a market capitalization of $2.42 billion, a PE ratio of 22.67 and a beta of 0.98. Grupo Aval Acciones y Valores has a 12 month low of $1.94 and a 12 month high of $2.70. The stock's fifty day moving average price is $2.06 and its 200 day moving average price is $2.22.

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 (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Grupo Aval Acciones y Valores had a return on equity of 1.46% and a net margin of 1.30%. The company had revenue of $953.94 million for the quarter, compared to the consensus estimate of $994.03 million. As a group, research analysts expect that Grupo Aval Acciones y Valores will post 0.2 EPS for the current fiscal year.

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.