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

Rhea-AI Summary

On January 18, 2023, Ally Financial declared a quarterly cash dividend of $0.30 per share for common stock, payable on February 15, 2023, to stockholders of record by February 1, 2023. Additionally, dividends were announced for Series B and Series C preferred stock, amounting to $15.9 million or $11.75 per share for Series B, and $11.8 million or $11.75 per share for Series C, payable on the same date for shareholders of record by January 31, 2023.

Positive

• Consistent quarterly dividend payment of $0.30 per share demonstrates company confidence.
• Dividend payments for preferred stock signify healthy cash flow, totaling $27.7 million.

Negative

• None.

DETROIT, Jan. 18, 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 February 15, 2023, to stockholders of record on February 1, 2023, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on February 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 January 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 January 31, 2023.

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 consumer credit card business, a corporate finance business for equity sponsors and middle-market companies, and securities brokerage and investment advisory services. Our brand conviction is that we are all better off with an ally, and our focus is on helping our customers achieve their strongest financial well-being, a notion personalized to what is important to them. 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 dividend amount declared by Ally Financial for common stock?

Ally Financial declared a quarterly cash dividend of $0.30 per share for common stock.

When will the dividend be paid to Ally Financial shareholders?

The dividend will be payable on February 15, 2023.

What are the details of the dividends for preferred stock issued by Ally Financial?

Dividends of $11.75 per share for Series B and Series C preferred stock, totaling $15.9 million and $11.8 million respectively, will also be paid on February 15, 2023.

Who is eligible to receive the dividend from Ally Financial?

Stockholders of record on February 1, 2023, for common stock, and January 31, 2023, for preferred stock, are eligible to receive the dividend.