Grupo Aval Acciones y Valores S.A. (AVAL) to Issue Monthly Dividend of $0.01 on April 8th

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Friday, March 22nd, Wall Street Journal reports. Stockholders of record on Monday, April 1st will be given a dividend of 0.0102 per share by the bank on Monday, April 8th. This represents a $0.12 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend is Thursday, March 28th.

Grupo Aval Acciones y Valores has decreased its dividend by an average of 19.4% annually over the last three years. Grupo Aval Acciones y Valores has a dividend payout ratio of 46.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Grupo Aval Acciones y Valores to earn $0.30 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 73.3%.

Grupo Aval Acciones y Valores Stock Performance

NYSE AVAL remained flat at $2.25 on Tuesday. 29,589 shares of the company were exchanged, compared to its average volume of 84,264. The business has a fifty day moving average of $2.50 and a 200 day moving average of $2.39. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 37.51 and a beta of 1.10. Grupo Aval Acciones y Valores has a 52 week low of $2.08 and a 52 week high of $2.70. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.05 and a current ratio of 1.05.

Institutional Trading of Grupo Aval Acciones y Valores

Large investors have recently bought and sold shares of the business. Creative Planning acquired a new position in shares of Grupo Aval Acciones y Valores in the 4th quarter worth approximately $28,000. Marshall Wace LLP acquired a new position in shares of Grupo Aval Acciones y Valores in the 4th quarter worth approximately $32,000. Morgan Stanley lifted its holdings in shares of Grupo Aval Acciones y Valores by 2,216.7% in the 4th quarter. Morgan Stanley now owns 15,962 shares of the bank’s stock worth $40,000 after acquiring an additional 15,273 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Grupo Aval Acciones y Valores in the 4th quarter worth approximately $53,000. Finally, Cerity Partners LLC lifted its holdings in shares of Grupo Aval Acciones y Valores by 129.1% in the 1st quarter. Cerity Partners LLC now owns 52,486 shares of the bank’s stock worth $123,000 after acquiring an additional 29,577 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

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.