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

Rhea-AI Summary

The board of directors of Ally Financial (NYSE: ALLY) declared a quarterly cash dividend of $0.30 per share on common stock, payable on May 15, 2023, to stockholders of record on May 1, 2023. Additionally, dividends for Series B and Series C preferred stock were also announced, each at approximately $11.75 per share, amounting to $15.9 million and $11.8 million respectively, payable to shareholders of record as of April 30, 2023.

Ally Financial is a financial services company that includes the nation’s largest all-digital bank and a leading auto financing business. The company serves over 11 million customers through various online banking and financial services.

Positive

• Declared a quarterly cash dividend of $0.30 per share, boosting shareholder income.
• Total preferred stock dividends of $15.9 million and $11.8 million indicate strong financial health.

Negative

• None.

DETROIT, April 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 May 15, 2023, to stockholders of record on May 1, 2023, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on May 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 April 30, 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 April 30, 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 through more than 23,000 dealers nationwide. 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

When is the Ally Financial common stock dividend payment date?

The dividend payment date for common stock is May 15, 2023.

What is the amount of the dividend declared for Ally Financial's common stock?

The declared dividend for common stock is $0.30 per share.

What are the dividends for Series B and C preferred stocks of Ally Financial?

The dividends for Series B and C preferred stocks are approximately $11.75 per share.

When will the dividends for preferred stock be paid?

The dividends for Series B and Series C preferred stock will be paid on May 15, 2023.

Who are the shareholders of record for the Ally Financial dividends?

Shareholders of record for common stock must be on record by May 1, 2023, and for preferred stock by April 30, 2023.