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

Rhea-AI Summary

Ally Financial declares quarterly cash dividend and dividend payments for preferred stock securities

Positive

• Ally Financial declares a quarterly cash dividend of $0.30 per share of common stock
• Dividend payment declared for Ally's Series B preferred stock securities of approximately $15.9 million
• Dividend payment declared for Ally's Series C preferred stock securities of approximately $11.8 million

Negative

• None.

DETROIT, Oct. 10, 2023 /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, 2023, to stockholders of record on November 1, 2023, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on November 15, 2023.

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, 2023. 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, 2023.

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 more than 11 million customers through a full range of online banking services (including deposits, mortgage, point-of-sale personal lending, 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 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:

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 quarterly cash dividend?

The quarterly cash dividend declared by Ally Financial is $0.30 per share of common stock.

When will the dividend payment be made?

The dividend payment for Ally's common stock and preferred stock securities will be made on November 15, 2023.

What is the amount of the dividend payment for Ally's Series B preferred stock securities?

The dividend payment for Ally's Series B preferred stock securities is approximately $15.9 million.

What is the amount of the dividend payment for Ally's Series C preferred stock securities?

The dividend payment for Ally's Series C preferred stock securities is approximately $11.8 million.

Who is eligible to receive the dividend payment?

Shareholders of record on November 1, 2023, for the common stock dividend, and shareholders of record as of October 31, 2023, for the preferred stock dividends are eligible to receive the dividend payment.