GRUPO AVAL ACCI/S Announces Monthly Dividend of $0.03 (NYSE:AVAL)

GRUPO AVAL ACCI/S (NYSE:AVAL) declared a monthly dividend on Wednesday, April 3rd, Wall Street Journal reports. Stockholders of record on Monday, July 1st will be paid a dividend of 0.0318 per share by the bank on Thursday, July 11th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, June 28th.

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 payout ratio of 44.9% meaning 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%.

Shares of AVAL stock traded down $0.12 during trading hours on Thursday, hitting $8.09. 38,352 shares of the company’s stock were exchanged, compared to its average volume of 133,460. The company has a 50-day moving average price of $7.65. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.69. The firm has a market cap of $2.92 billion, a PE ratio of 10.11 and a beta of 0.97. GRUPO AVAL ACCI/S has a 52 week low of $5.59 and a 52 week high of $8.51.

GRUPO AVAL ACCI/S (NYSE:AVAL) last announced its earnings results on Thursday, April 25th. The bank reported $0.23 EPS for the quarter. The company had revenue of $1.41 billion for the quarter. GRUPO AVAL ACCI/S had a return on equity of 12.89% and a net margin of 11.95%. As a group, research analysts expect that GRUPO AVAL ACCI/S will post 0.86 earnings per share for the current year.

AVAL has been the topic of a number of research analyst reports. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised Investar from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Tuesday, June 4th.

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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