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

Rhea-AI Summary

Ally Financial Inc. (ALLY) Declares Quarterly Dividend Payments for Common and Preferred Stock

Positive

• Ally Financial Inc. declares a quarterly cash dividend of $0.30 per share for common stock, payable on August 15, 2023, demonstrating commitment to rewarding shareholders.
• The company also announced dividend payments for its Series B and Series C preferred stock securities, showing stability and value for investors.

Negative

• None.

DETROIT, July 17, 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 August 15, 2023, to stockholders of record on August 1, 2023, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on August 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 August 1, 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 August 1, 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

View original content:https://www.prnewswire.com/news-releases/ally-financial-declares-dividend-on-common-stock-and-series-b-and-series-c-preferred-stock-301878802.html

SOURCE Ally Financial

FAQ

What is the dividend amount declared for Ally Financial Inc. common stock?

The board of directors declared a quarterly cash dividend of $0.30 per share.

When are the dividend payments for Ally Financial Inc. common stock payable?

The dividend is payable on August 15, 2023, to stockholders of record on August 1, 2023.

What are the dividend payments declared for Ally Financial Inc. preferred stock securities?

Quarterly dividend payments for Series B and Series C preferred stock securities were announced.

How much is the dividend payment for Ally Financial Inc. Series B preferred stock?

A dividend payment of approximately $15.9 million, or $11.75 per share, was declared for Series B preferred stock.

When are the dividend payments for Ally Financial Inc. preferred stock securities payable?

The payments are payable on August 15, 2023, to shareholders of record as of August 1, 2023.