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

Rhea-AI Summary

On October 6, 2021, Ally Financial declared a quarterly cash dividend of $0.25 per share for its common stock, payable on November 15, 2021, to shareholders of record by November 1, 2021. The company also announced dividends for its Series B and Series C preferred stock, with approximately $15.9 million ($11.75/share) and $11.8 million ($11.75/share) respectively, payable on the same date to shareholders of record by October 31, 2021.

Positive

• Quarterly cash dividend of $0.25 per share enhances income for shareholders.
• Continued commitment to dividends reflects strong financial health and investor confidence.

Negative

• None.

DETROIT, Oct. 6, 2021 /PRNewswire/ -- The board of directors of Ally Financial Inc. (NYSE: ALLY) declared a quarterly cash dividend of $0.25 per share of the company's common stock, payable on Nov. 15, 2021 to stockholders of record on Nov. 1, 2021, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on Nov. 15, 2021.

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 Oct. 31, 2021. 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 Oct. 31, 2021.

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 corporate finance business for equity sponsors and middle-market companies, and securities brokerage and investment advisory services. A relentless ally for all things money, Ally helps people save well and earn well, so they can spend for what matters. For more information, please visit www.ally.com and follow @allyfinancial.

For more information and disclosures about Ally, visit https://www.ally.com/#disclosures.

Contacts:

Daniel Eller
Ally Investor Relations 
704-444-5216 
daniel.eller@ally.com

Jillian Palash
Ally Communications (Media)
704-644-6201
jillian.palash@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 dividend of $0.25 per share for its common stock.

When is the dividend payment date for Ally Financial's common stock?

The dividend payment date for Ally Financial's common stock is November 15, 2021.

What are the dividends announced for Series B and Series C preferred stock?

Ally Financial announced approximately $15.9 million ($11.75 per share) for Series B and $11.8 million ($11.75 per share) for Series C.

When are the dividends for preferred stock payable?

The dividends for preferred stock are payable on November 15, 2021.

What is the record date for receiving the dividends?

The record date for receiving the dividends is November 1, 2021, for common stock and October 31, 2021, for preferred stock.