Grupo Aval Acciones y Valores S.A. (AVAL) To Go Ex-Dividend on November 29th

Grupo Aval Acciones y Valores S.A. (NYSE:AVAL) declared a monthly dividend on Monday, October 7th,Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.0095 per share by the bank on Monday, December 9th. This represents a $0.11 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Grupo Aval Acciones y Valores’s previous monthly dividend of $0.0094972.

Grupo Aval Acciones y Valores has decreased its dividend by an average of 19.1% annually over the last three years. Grupo Aval Acciones y Valores has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Grupo Aval Acciones y Valores to earn $0.34 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 32.4%.

Grupo Aval Acciones y Valores Stock Performance

NYSE AVAL opened at $2.12 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.00 and a current ratio of 1.00. Grupo Aval Acciones y Valores has a fifty-two week low of $1.94 and a fifty-two week high of $2.70. The stock has a 50-day simple moving average of $2.04 and a two-hundred day simple moving average of $2.14. The firm has a market capitalization of $2.52 billion, a P/E ratio of 12.47 and a beta of 0.98.

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.