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 on common stock, payable on August 15, 2022, to shareholders of record on August 1, 2022. Additionally, dividends were announced for Series B and Series C preferred stock, amounting to $15.9 million and $11.8 million respectively, both payable on August 15, 2022, with record dates of July 31, 2022. This decision underscores Ally’s commitment to returning value to shareholders.

Positive

• Quarterly cash dividend of $0.30 per share for common stock.
• Dividends of approximately $15.9 million and $11.8 million for Series B and Series C preferred stock.
• Demonstrates company's financial health and commitment to shareholder returns.

Negative

• None.

DETROIT, July 15, 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 August 15, 2022 to stockholders of record on August 1, 2022, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on August 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 July 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 July 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 for common stock?

Ally Financial declared a quarterly cash dividend of $0.30 per share on common stock.

When will Ally Financial's cash dividend be paid?

The cash dividend is payable on August 15, 2022.

What are the dividend details for the preferred stock of Ally Financial?

Dividends of approximately $15.9 million for Series B and $11.8 million for Series C preferred stock were declared.

What is the record date for Ally Financial's dividend payments?

The record date for the common stock dividend is August 1, 2022, and for preferred stock, it is July 31, 2022.