Ally Financial Inc. Declares Quarterly Dividend of $0.30 (NYSE:ALLY)

Ally Financial Inc. (NYSE:ALLY) announced a quarterly dividend on Monday, July 20th. Stockholders of record on Friday, July 31st will be given a dividend of 0.30 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, July 31st.

Ally Financial has increased its dividend payment by an average of 0.1%annually over the last three years. Ally Financial has a dividend payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ally Financial to earn $6.46 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 18.6%.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $45.48 on Tuesday. The firm’s 50 day moving average price is $44.15 and its 200-day moving average price is $42.64. Ally Financial has a twelve month low of $35.92 and a twelve month high of $47.29. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $13.94 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.26 and a beta of 1.09.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.03). The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%. Equities research analysts expect that Ally Financial will post 5.31 EPS for the current year.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.