Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a monthly dividend on Monday, September 20th, Wall Street Journal reports. Shareholders of record on Thursday, September 30th will be paid a dividend of 0.0235 per share by the bank on Friday, October 8th. This represents a $0.28 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend is Wednesday, September 29th. This is a positive change from Grupo Aval Acciones y Valores’s previous monthly dividend of $0.02.
Grupo Aval Acciones y Valores has decreased its dividend payment by 18.0% over the last three years and has raised its dividend every year for the last 1 years. Grupo Aval Acciones y Valores has a dividend payout ratio of 47.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Grupo Aval Acciones y Valores to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.31 annual dividend with an expected future payout ratio of 36.5%.
Shares of NYSE:AVAL opened at $5.63 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.01 and a quick ratio of 1.01. Grupo Aval Acciones y Valores has a 1-year low of $4.40 and a 1-year high of $7.03. The company has a market capitalization of $6.25 billion, a P/E ratio of 7.13 and a beta of 1.42. The firm’s 50 day simple moving average is $5.57 and its two-hundred day simple moving average is $5.85.
A hedge fund recently raised its stake in Grupo Aval Acciones y Valores stock. Morgan Stanley increased its holdings in Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) by 209.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,067 shares of the bank’s stock after purchasing an additional 10,867 shares during the period. Morgan Stanley’s holdings in Grupo Aval Acciones y Valores were worth $100,000 at the end of the most recent quarter. 3.18% 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 engages in the provision of financial services and products. It operates through the following segments: Banco de Bogota, Banco de Occidente, Banco AV Villas, Banco Popular, Corficolombiana, and Other. The Banco de Bogota segment offers banking services and products. The Banco de Occidente segment focuses on the corporate customers, government and government-owned entities, and retail customers.
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