Grupo Aval Acciones y Valores S.A. (AVAL) to Issue Monthly Dividend of $0.03 on September 12th
Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a monthly dividend on Monday, April 3rd, Wall Street Journal reports. Investors of record on Thursday, August 31st will be given a dividend of 0.0339 per share by the bank on Tuesday, September 12th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Tuesday, August 29th.
Grupo Aval Acciones y Valores has a payout ratio of 56.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Grupo Aval Acciones y Valores to earn $0.78 per share next year, which means the company should continue to be able to cover its $0.41 annual dividend with an expected future payout ratio of 52.6%.
Grupo Aval Acciones y Valores (AVAL) opened at 9.23 on Monday. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 14.42 and a beta of 0.56. Grupo Aval Acciones y Valores has a one year low of $7.18 and a one year high of $9.24. The firm has a 50-day moving average price of $8.73 and a 200-day moving average price of $8.28.
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Several equities analysts have recently weighed in on AVAL shares. Citigroup Inc. raised Grupo Aval Acciones y Valores from a “neutral” rating to a “buy” rating in a report on Wednesday, June 28th. BidaskClub cut Grupo Aval Acciones y Valores from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Zacks Investment Research raised Grupo Aval Acciones y Valores from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.
Grupo Aval Acciones y Valores Company Profile
Grupo Aval Acciones y Valores SA is a Colombia-based holding company primarily engaged, through its subsidiaries, in the acquisition, purchase and sale of stocks, bonds and other securities of companies active in the financial sector. The Company provides a variety of financial services and products across the Colombian market, ranging from traditional banking services, such as loans and deposits to pension and severance fund management, as well as the provision of legal representation services.The Company owns such subsidiaries as Banco de Bogota SA, Banco Popular SA, among others.
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