GRUPO AVAL ACCI/S (NYSE:AVAL) announced a — dividend on Monday, September 23rd, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.0295 per share by the bank on Tuesday, October 8th. This represents a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 27th.
GRUPO AVAL ACCI/S has decreased its dividend by an average of 21.5% annually 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. 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%.
NYSE AVAL traded down $0.07 on Wednesday, reaching $7.51. The company had a trading volume of 1,195 shares, compared to its average volume of 99,739. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $8.41 billion, a PE ratio of 9.43 and a beta of 0.96. The firm’s 50 day moving average price is $7.36 and its 200 day moving average price is $7.63. GRUPO AVAL ACCI/S has a 12 month low of $5.59 and a 12 month high of $8.51.
AVAL has been the subject of a number of recent research reports. ValuEngine cut shares of GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Zacks Investment Research raised shares of GRUPO AVAL ACCI/S from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 31st.
About GRUPO AVAL ACCI/S
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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