Grupo Aval Acciones y Valores S.A. Announces Monthly Dividend of $0.01 (NYSE:AVAL)

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) announced a monthly dividend on Thursday, April 11th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.0084 per share by the bank on Wednesday, October 9th. This represents a $0.10 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Monday, September 30th.

Grupo Aval Acciones y Valores has decreased its dividend payment by an average of 19.4% annually over the last three years. Grupo Aval Acciones y Valores has a dividend payout ratio of 27.1% 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 $0.13 annual dividend with an expected future payout ratio of 43.3%.

Grupo Aval Acciones y Valores Stock Performance

Shares of AVAL opened at $2.46 on Friday. The business’s fifty day simple moving average is $2.44 and its two-hundred day simple moving average is $2.39. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.80. Grupo Aval Acciones y Valores has a 12 month low of $2.08 and a 12 month high of $2.70. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 41.01 and a beta of 1.09.

Institutional Trading of Grupo Aval Acciones y Valores

Several institutional investors have recently added to or reduced their stakes in AVAL. Renaissance Technologies LLC lifted its holdings in shares of Grupo Aval Acciones y Valores by 8.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,060,172 shares of the bank’s stock valued at $2,682,000 after buying an additional 84,400 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Grupo Aval Acciones y Valores by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 760,490 shares of the bank’s stock valued at $1,871,000 after buying an additional 15,762 shares during the period. BlackRock Inc. lifted its holdings in shares of Grupo Aval Acciones y Valores by 36.7% during the 1st quarter. BlackRock Inc. now owns 467,705 shares of the bank’s stock valued at $1,094,000 after buying an additional 125,523 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Grupo Aval Acciones y Valores by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 179,975 shares of the bank’s stock valued at $820,000 after buying an additional 4,870 shares during the period. Finally, Millennium Management LLC bought a new position in shares of Grupo Aval Acciones y Valores during the 4th quarter valued at $434,000. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

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.