Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
DETROIT - Ally Financial Inc. (NYSE: ALLY), a financial services company with a market capitalization of $9.93 billion, has announced that its board of directors approved a quarterly cash dividend for its common and preferred stockholders. The company will pay $0.30 per share on its common stock on May 15, 2025, to shareholders of record as of May 1, 2025, representing a 3.71% dividend yield.
In addition to the common stock dividend, Ally Financial declared quarterly dividends on its Series B and Series C preferred stocks. Shareholders of the 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, will receive approximately $15.9 million in total, or $11.75 per share. Similarly, holders of Series C preferred stock will be paid around $11.8 million, or $11.75 per share. Both preferred dividends are payable on May 15, 2025, to shareholders on record as of April 30, 2025. According to InvestingPro, Ally has maintained dividend payments for 10 consecutive years, demonstrating strong shareholder commitment.
Ally Financial, known for operating the nation’s largest all-digital bank, provides a range of financial services including deposits, securities brokerage, and investment advisory services. The company is also a prominent player in the auto financing market and offers insurance solutions. Additionally, Ally Financial has a corporate finance division that caters to equity sponsors and middle-market companies.
The declaration of dividends is a routine part of Ally Financial’s commitment to delivering value to its shareholders. It reflects the company’s financial stability and its ability to generate consistent earnings.
This financial update is based on a press release statement issued by Ally Financial. The company’s continued efforts to maintain a regular dividend payout underscore its position in the financial services industry and its dedication to its shareholders. Ally Financial remains focused on its mission to provide exceptional service and to be a steadfast ally to its customers and communities.
In other recent news, Ally Financial has reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.78 against a forecast of $0.58. The company’s revenue reached $2.1 billion, exceeding the anticipated $2.01 billion, reflecting strong financial performance. Citi analysts have initiated a 90-day Positive Catalyst Watch on Ally Financial, highlighting expectations of strong origination yields and stable auto losses, which suggests an improving sentiment toward the company. BofA Securities has increased Ally Financial’s stock price target to $42, maintaining a Buy rating, and noted the company’s stabilizing credit situation and medium-term goals. Meanwhile, Ally Financial’s strategic decisions, including the sale of its credit card business and cessation of new mortgage loan originations, are aimed at focusing on core businesses such as Dealer Financial Services and Corporate Finance. Truist Securities has also weighed in, recommending Ally Financial among banks with a Buy rating, citing positive cyclical levers and growth prospects. These developments indicate Ally Financial’s strategic focus and financial health as it navigates the current economic landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.