Ally Financial Inc (ALLY) will raise its quarterly dividend by 31.6 percent to 25 cents per share in 2021. This follows a dividend hike of 11.8 percent to $0.19 per share in the first quarter of 2020 and marks the 5th year of dividend increases by the financial services company.
The next dividend is payable on August 16, 2021 to stockholders of record on August 2, 2021. A new annualized dividend of $1.00 per share yields 2.1% based on a stock price of $51 for ALLY.
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.