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Ally Financial Inc (ALLY) will raise its quarterly dividend to $0.13 per share in the first quarter of 2018. This marks the second year of dividend increases by ALLY.

The new dividend is payable on February 15, 2018 to shareholders of record on February 1, 2018. The new dividend yield for ALLY is 1.7%.

Ally Financial Inc. is a digital financial services company. Ally's online bank (Ally Bank, Member FDIC and Equal Housing Lender) offers mortgage-lending services and a variety of deposit and other banking products, including CDs, online savings, money market and checking accounts, and IRA products. Additionally, Ally offers securities brokerage and investment advisory services through Ally Invest.