On September 24, 2020, Grupo Aval Acciones AVAL declared a dividend payable on March 9, 2021 to its shareholders. Grupo Aval Acciones also announced that shareholders on the company's books on or before February 26, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Grupo Aval Acciones, whose current dividend payout is $0.03, has an ex-dividend date set at February 25, 2021. The payout equates to a dividend yield of 6.77% at current price levels.
What Is An Ex-Dividend Date?
Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.
Understanding Grupo Aval Acciones's Dividend Payouts And Yields
Over the past year, Grupo Aval Acciones has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on November 27, 2020 the company's payout was $0.03, which has returned to its value today. Grupo Aval Acciones's dividend yield last year was 6.66%, which has since grown by 0.11%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
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