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Ally Financial hikes dividend by 15.4%

Ally Financial Inc (ALLY) will raise its quarterly dividend by 15.4 percent to $0.15 per share in the third quarter of 2018. This marks the second year of dividend increases by ALLY and also the second dividend hike this year.

The next dividend is payable on August 15, 2018 to stockholders of record on August 1, 2018.The new annual dividend of 60 cents per share yields 1.9% based on a stock price of $27.25.

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.