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

Rhea-AI Summary

Ally Financial Inc. (NYSE: ALLY) has declared a quarterly cash dividend of $0.30 per share for common stock, payable on November 15, 2022, to stockholders of record as of November 1, 2022. Additionally, quarterly payments for Series B and Series C preferred stock will also be made on the same date; Series B dividends total approximately $15.9 million and Series C dividends about $11.8 million, each at $11.75 per share, payable to shareholders of record by October 31, 2022.

Positive

• Quarterly cash dividend of $0.30 per share demonstrates financial stability and confidence in future performance.
• Substantial dividend payments on Series B and C preferred stock totaling approximately $27.7 million.

Negative

• None.

DETROIT, Oct. 11, 2022 /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 November 15, 2022 to stockholders of record on November 1, 2022, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on November 15, 2022.

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 October 31, 2022. 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 October 31, 2022.

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.

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?

Ally Financial has declared a quarterly cash dividend of $0.30 per share.

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

The dividend is payable on November 15, 2022.

Who is eligible for the dividend payment on Ally Financial's common stock?

Stockholders of record on November 1, 2022, are eligible for the dividend payment.

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

The Series B dividend is approximately $15.9 million and Series C dividend is about $11.8 million, each at $11.75 per share, payable on November 15, 2022.