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

Rhea-AI Summary

Ally Financial (NYSE: ALLY) has announced its latest dividend declarations. The board approved a quarterly cash dividend of $0.30 per share on common stock, payable on August 15, 2024, to stockholders of record on August 1, 2024. Additionally, dividends were declared for Series B and Series C preferred stock, both payable on August 15, 2024.

For Series B preferred stock, a payment of approximately $15.9 million, or $11.75 per share, was declared. Similarly, for Series C preferred stock, a payment of about $11.8 million, or $11.75 per share, was announced. Both preferred stock dividends are payable to shareholders of record as of July 31, 2024.

Positive

• Consistent dividend payments indicate financial stability
• Dividend payments across multiple stock classes show commitment to shareholder returns
• $0.30 per share quarterly dividend on common stock maintained

Negative

• None.

DETROIT, July 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 August 15, 2024, to stockholders of record on August 1, 2024, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on August 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 July 31, 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 July 31, 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 approximately 11 million customers through a full range of online banking services (including deposits, mortgage, 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.

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 for Ally Financial's common stock in Q3 2024?

Ally Financial (ALLY) declared a quarterly cash dividend of $0.30 per share on its common stock for Q3 2024.

When is the payment date for Ally Financial's Q3 2024 dividend?

The dividend payment date for Ally Financial's (ALLY) Q3 2024 dividend is August 15, 2024.

What is the record date for Ally Financial's common stock dividend in Q3 2024?

The record date for Ally Financial's (ALLY) common stock dividend in Q3 2024 is August 1, 2024.

How much is the dividend payment for Ally Financial's Series B preferred stock?

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

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

Ally Financial (ALLY) announced a dividend payment of approximately $11.8 million, or $11.75 per share, for its Series C preferred stock.