GRUPO AVAL ACCI/S (NYSE:AVAL) declared a — dividend on Tuesday, September 24th, Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.0295 per share by the bank on Tuesday, December 10th. This represents a dividend yield of 4.4%. The ex-dividend date is Wednesday, November 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% meaning its dividend is sufficiently covered by earnings. Equities 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 NYSE AVAL traded down $0.04 during mid-day trading on Wednesday, reaching $7.54. The company had a trading volume of 68,600 shares, compared to its average volume of 121,808. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The stock has a market cap of $8.41 billion, a PE ratio of 9.43 and a beta of 0.96. The company has a 50-day moving average price of $7.37 and a two-hundred day moving average price of $7.63. GRUPO AVAL ACCI/S has a 1-year low of $5.59 and a 1-year high of $8.51.
A number of brokerages have recently weighed in on AVAL. Zacks Investment Research downgraded GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine downgraded GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a report 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.
Read More: Earnings Per Share (EPS) Explained
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