Grupo Aval Acciones Y Valores Sa Pfd (AVAL) has released an update.
Grupo Aval Acciones y Valores S.A. has announced the decisions from its latest ordinary shareholders meeting, which includes a lucrative dividend payout schedule and a reformation of the company’s bylaws to change the Board of Directors to nine members without alternates. The approved dividends will be distributed monthly from April 2024 to March 2025 at a rate of $2.00 per share, amounting to a significant total distribution leveraging retained profits from 2019. Additionally, the company has amended its bylaws to streamline its governance structure, reflecting a proactive approach to corporate management.
For further insights into AVAL stock, check out TipRanks’ Stock Analysis page.
