Ally declares dividends on Series B and Series C preferred stock

Rhea-AI Summary

Ally Financial Inc. (NYSE: ALLY) has announced quarterly dividends for its Series B and Series C preferred stock. The board declared a $19.9 million dividend for Series B at $14.75 per share and a $9.5 million dividend for Series C at $9.53 per share. Both dividends are payable to shareholders of record as of July 31, 2021, on August 15, 2021. This move reflects the company’s commitment to returning income to its shareholders, showcasing strong financial management amidst competitive market conditions.

Positive

• Quarterly dividends reflect strong financial health.
• Total dividends of approximately $29.4 million benefit shareholders.

Negative

• None.

CHARLOTTE, N.C., July 13, 2021 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) has declared quarterly dividend payments for the company's Series B and Series C preferred stock securities. Each of these dividends was declared by the board of directors on July 12, 2021 and are payable on Aug. 15, 2021.

A quarterly dividend payment was declared on Ally's 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, of approximately $19.9 million, or $14.75 per share, and is payable to shareholders of record as of July 31, 2021. Additionally, a dividend payment was declared on Ally's 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, of approximately $9.5 million, or $9.53 per share, and is payable to shareholders of record as of July 31, 2021.

About Ally Financial
Ally Financial Inc. (NYSE: ALLY) is a digital financial services company committed to its promise to "Do It Right" for its consumer, commercial and corporate customers. Ally is composed of an industry-leading independent auto finance and insurance operation, an award-winning digital direct bank (Ally Bank, Member FDIC and Equal Housing Lender, which offers mortgage lending, point-of-sale personal lending, and a variety of deposit and other banking products), a corporate finance business for equity sponsors and middle-market companies, and securities brokerage and investment advisory services. A relentless ally for all things money, Ally helps people save well and earn well, so they can spend for what matters. For more information, please visit www.ally.com and follow @allyfinancial.

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:
Daniel Eller
Ally Investor Relations
704-444-5216
Daniel.Eller@ally.com

Jillian Palash
Ally Communications (Media)
704-644-6201
Jillian.palash@ally.com

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SOURCE Ally Financial

FAQ

What is the dividend amount for Ally Financial's Series B preferred stock?

The dividend for Series B preferred stock is $14.75 per share.

When will the dividends for Ally Financial's preferred stock be paid?

Dividends will be paid on August 15, 2021.

What is the total amount declared for the Series B and Series C dividends by Ally Financial?

The total amount declared for the Series B and C dividends is approximately $29.4 million.

Who is eligible to receive the dividends from Ally Financial?

Shareholders of record as of July 31, 2021, are eligible to receive the dividends.