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

GRUPO AVAL ACCI/S (NYSE:AVAL) declared a monthly dividend on Wednesday, April 3rd, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 4.72%. The ex-dividend date 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 dividend payout ratio of 44.9% indicating that its dividend is sufficiently covered by earnings. 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 AVAL traded down $0.12 during trading hours on Thursday, hitting $8.09. The stock had a trading volume of 38,352 shares, compared to its average volume of 133,460. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $7.65. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 10.11 and a beta of 0.97. GRUPO AVAL ACCI/S has a 1-year low of $5.59 and a 1-year high of $8.51.

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

AVAL has been the subject of a number of analyst reports. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research raised shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 target price 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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