GRUPO AVAL ACCI/S (NYSE:AVAL) to Issue — Dividend of $0.03

GRUPO AVAL ACCI/S (NYSE:AVAL) declared a — dividend on Monday, September 23rd, Wall Street Journal reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.0295 per share by the bank on Tuesday, November 12th. This represents a dividend yield of 4.4%. The ex-dividend date is Wednesday, October 30th.

GRUPO AVAL ACCI/S has decreased its dividend by an average of 21.5% per year over the last three years. GRUPO AVAL ACCI/S has a dividend payout ratio of 44.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect GRUPO AVAL ACCI/S to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 36.5%.

Shares of AVAL stock traded down $0.03 during trading hours on Tuesday, reaching $7.54. 85,398 shares of the company traded hands, compared to its average volume of 99,739. GRUPO AVAL ACCI/S has a 12-month low of $5.59 and a 12-month high of $8.51. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $8.41 billion, a P/E ratio of 9.43 and a beta of 0.96. The firm has a 50-day moving average price of $7.36 and a 200 day moving average price of $7.63.

GRUPO AVAL ACCI/S (NYSE:AVAL) last posted its quarterly earnings data on Thursday, August 22nd. The bank reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. GRUPO AVAL ACCI/S had a return on equity of 12.99% and a net margin of 12.36%. The firm had revenue of $1.37 billion for the quarter. Sell-side analysts predict that GRUPO AVAL ACCI/S will post 0.86 EPS for the current year.

Several brokerages recently issued reports on AVAL. Zacks Investment Research raised GRUPO AVAL ACCI/S from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 31st. ValuEngine downgraded GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st.

GRUPO AVAL ACCI/S 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. The company's deposit products and services include checking accounts, savings accounts, and time deposits, as well as other deposits consisting of deposits from correspondent accounts, cashier checks, and collection services.

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Dividend History for GRUPO AVAL ACCI/S (NYSE:AVAL)

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