In a March 31 meeting, Grupo Aval Acciones y Valores SA shareholders approvedthe distribution of a monthly cash dividend of 4.90 Colombian pesos per monthfrom April to September 2016, according to a Form 6-K filed April 1.
The dividends will be paid with respect to the company's22,281,017,159 outstanding shares as of the March 31 meeting date. The dividendpayment for the current month was set at April 15, while the remaining paymentswill be made within the first 10 days of each month. The amount is an increasefrom the previouspayment of 4.85 pesos.
As of April 1, 2016,US$1 was equivalent to 3,000.80 Colombian pesos.