Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) Raises Dividend to $0.02 Per Share

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a monthly dividend on Thursday, July 30th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.0165 per share by the bank on Thursday, October 8th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 14.6% increase from Grupo Aval Acciones y Valores’s previous monthly dividend of $0.01.

Grupo Aval Acciones y Valores has decreased its dividend by an average of 0.2%annually over the last three years. Grupo Aval Acciones y Valores has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Aval Acciones y Valores to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.13 annual dividend with an expected future payout ratio of 22.8%.

Grupo Aval Acciones y Valores Stock Up 5.4%

AVAL stock opened at $5.17 on Friday. Grupo Aval Acciones y Valores has a twelve month low of $2.80 and a twelve month high of $6.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.56. The stock has a market cap of $6.13 billion, a P/E ratio of 13.96 and a beta of 0.59. The business’s 50-day moving average price is $5.04 and its 200-day moving average price is $4.62.

Grupo Aval Acciones y Valores (NYSE:AVAL) last announced its quarterly earnings data on Wednesday, May 13th. The bank reported $0.08 earnings per share (EPS) for the quarter. Grupo Aval Acciones y Valores had a return on equity of 6.24% and a net margin of 4.99%. On average, equities research analysts forecast that Grupo Aval Acciones y Valores will post 0.43 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Grupo Aval Acciones y Valores from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Grupo Aval Acciones y Valores has an average rating of “Hold”.

Grupo Aval Acciones y Valores Company Profile

Grupo Aval Acciones y Valores SA is a leading Colombian financial holding company that offers a diversified range of banking and financial services across Latin America. As one of the largest financial conglomerates in Colombia, Grupo Aval provides commercial and retail banking, leasing, insurance brokerage, pension fund management and investment banking through its principal subsidiaries.

Its core banking operations are conducted through a network of well-established institutions, including Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas, which together serve individual consumers, small and medium-sized enterprises and large corporate clients.