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

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a monthly dividend on Monday, October 7th,Wall Street Journal reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.0095 per share by the bank on Monday, February 10th. This represents a $0.11 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Friday, January 31st.

Grupo Aval Acciones y Valores has decreased its dividend payment by an average of 21.8% per year over the last three years. Grupo Aval Acciones y Valores has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. 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

Shares of NYSE:AVAL opened at $2.54 on Wednesday. The company has a market capitalization of $3.01 billion, a PE ratio of 14.91 and a beta of 0.98. The business has a fifty day moving average price of $2.14 and a 200-day moving average price of $2.09. Grupo Aval Acciones y Valores has a 1-year low of $1.94 and a 1-year high of $2.65. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.00 and a quick ratio of 1.00.

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.