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

Rhea-AI Summary

Ally Financial Inc. (NYSE: ALLY) has declared a quarterly cash dividend of $0.30 per share on its common stock, payable on November 15, 2024, to stockholders of record on November 1, 2024. The company also announced dividend payments for its Series B and Series C preferred stock securities, both payable on November 15, 2024.

For the Series B preferred stock, a quarterly dividend of approximately $15.9 million, or $11.75 per share, will be paid to shareholders of record as of October 31, 2024. Similarly, for the Series C preferred stock, a dividend of about $11.8 million, or $11.75 per share, will be paid to shareholders of record as of the same date.

Ally Financial is a financial services company operating the largest all-digital bank in the U.S. and a leading auto financing business. It serves around 11 million customers through various online banking services, securities brokerage, and investment advisory services.

Positive

• Quarterly cash dividend of $0.30 per share declared on common stock
• Dividend payments announced for Series B and Series C preferred stock
• Consistent dividend payments indicate financial stability and shareholder value

Negative

• None.

News Market Reaction – ALLY

-0.57%

-0.57% Session move

In the trading session that priced this news, ALLY declined 0.57%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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DETROIT, Oct. 9, 2024 /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 November 15, 2024, to stockholders of record on November 1, 2024, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on November 15, 2024. 

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 October 31, 2024. 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 October 31, 2024.

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 the amount of Ally Financial's (ALLY) quarterly dividend on common stock?

Ally Financial (ALLY) has declared a quarterly cash dividend of $0.30 per share on its common stock.

When will Ally Financial (ALLY) pay its latest declared dividend?

Ally Financial (ALLY) will pay its latest declared dividend on November 15, 2024, to stockholders of record on November 1, 2024.

What are the dividend amounts for Ally Financial's (ALLY) preferred stock?

Ally Financial (ALLY) declared a dividend of approximately $15.9 million for Series B preferred stock and $11.8 million for Series C preferred stock, both at $11.75 per share.

How often does Ally Financial (ALLY) pay dividends?

Based on the press release, Ally Financial (ALLY) pays dividends quarterly on its common and preferred stock.