Ally Financial declares dividend on common stock and Series B and Series C preferred stock

Rhea-AI Summary

Ally Financial (NYSE: ALLY) has announced its quarterly dividend declarations. The company will pay a cash dividend of $0.30 per share on common stock to shareholders of record as of January 31, 2025, with payment scheduled for February 14, 2025.

Additionally, Ally declared dividends for its preferred stock series: approximately $15.9 million ($11.75 per share) for Series B and $11.8 million ($11.75 per share) for Series C preferred stock. Both preferred stock dividends will be paid on February 15, 2025, to shareholders of record as of January 31, 2025.

Ally Financial operates as the nation's largest all-digital bank with a significant auto financing business, serving approximately 11 million customers through online banking services, securities brokerage, and investment advisory services.

Positive

• Consistent dividend payment maintained at $0.30 per share for common stockholders
• Strong preferred stock dividend payments totaling approximately $27.7 million
• Large customer base of 11 million demonstrates solid market presence

Negative

• None.

News Market Reaction – ALLY

-1.18%

-1.18% Session move

In the trading session that priced this news, ALLY declined 1.18%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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DETROIT, Jan. 17, 2025 /PRNewswire/ -- The board of directors of Ally Financial Inc. (NYSE: ALLY) declared a quarterly cash dividend of $0.30 per share of the company's common stock, payable on February 14, 2025, to shareholders of record on January 31, 2025, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on February 15, 2025.

A quarterly dividend payment was declared on Ally's 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, of approximately $15.9 million, or $11.75 per share, and is payable to shareholders of record as of January 31, 2025. Additionally, a dividend payment was declared on Ally's 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, of approximately $11.8 million, or $11.75 per share, and is payable to shareholders of record as of January 31, 2025.

About Ally Financial
Ally Financial Inc. (NYSE: ALLY) is a financial services company with the nation's largest all-digital bank and an industry-leading auto financing business, driven by a mission to "Do It Right" and be a relentless ally for customers and communities. The company serves approximately 11 million customers through a full range of online banking services (including deposits, mortgage, and credit card products) and securities brokerage and investment advisory services. The company also includes a robust corporate finance business that offers capital for equity sponsors and middle-market companies, as well as auto financing and insurance offerings. For more information, please visit www.ally.com.

For more information and disclosures about Ally, visit https://www.ally.com/#disclosures.

For further images and news on Ally, please visit http://media.ally.com.

Contacts:

Sean Leary
Ally Investor Relations
704-444-4830
sean.leary@ally.com 

Peter Gilchrist
Ally Communications (Media)
704-644-6299
peter.gilchrist@ally.com 

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SOURCE Ally Financial

FAQ

What is ALLY's quarterly dividend payment for Q1 2025?

Ally Financial (ALLY) will pay a quarterly cash dividend of $0.30 per share for common stock on February 14, 2025.

When is the record date for ALLY's Q1 2025 dividend?

The record date for Ally Financial's Q1 2025 dividend is January 31, 2025.

How much is ALLY paying in preferred stock dividends for Series B and C?

Ally is paying $11.75 per share for both Series B ($15.9 million total) and Series C ($11.8 million total) preferred stock.

What is the payment date for ALLY's preferred stock dividends?

Ally Financial's preferred stock dividends for both Series B and C will be paid on February 15, 2025.

How many customers does ALLY Financial currently serve?

Ally Financial serves approximately 11 million customers through its digital banking and financial services.