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Understanding Grupo Aval Acciones's Ex-Dividend Date

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On September 24, 2020, Grupo Aval Acciones (NYSE: AVAL) announced shareholders can expect to receive a dividend payable on March 9, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Grupo Aval Acciones has an ex-dividend date planned for February 25, 2021. The company's current dividend payout sits at $0.03. That equates to a dividend yield of 6.77% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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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Posted-In: Dividends