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 common stock, with additional dividend payments for Series B and Series C preferred stock. The dividend payments for Series B and Series C preferred stock are approximately $15.9 million and $11.8 million, respectively, payable on May 15, 2024.

DETROIT, April 16, 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 May 15, 2024, to stockholders of record on May 1, 2024, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on May 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 April 30, 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 April 30, 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 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/ally-financial-declares-dividend-on-common-stock-and-series-b-and-series-c-preferred-stock-302117210.html

SOURCE Ally Financial

FAQ

What dividend has Ally Financial declared on its common stock?

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

When will the dividend on Ally Financial's common stock be payable?

The dividend on Ally Financial's common stock will be payable on May 15, 2024.

What are the dividend payments declared for Ally Financial's Series B preferred stock?

Ally Financial has declared a quarterly dividend payment of approximately $15.9 million, or $11.75 per share, for its Series B preferred stock.

When will the dividend on Ally Financial's Series B preferred stock be payable?

The dividend on Ally Financial's Series B preferred stock will be payable on May 15, 2024.

What are the dividend payments declared for Ally Financial's Series C preferred stock?

Ally Financial has declared a quarterly dividend payment of approximately $11.8 million, or $11.75 per share, for its Series C preferred stock.

When will the dividend on Ally Financial's Series C preferred stock be payable?

The dividend on Ally Financial's Series C preferred stock will be payable on May 15, 2024.