Ally Financial Inc. (ALLY) to Distribute Quarterly Dividend of $0.35 on November 16th

Ally Financial Inc. (NYSE:ALLY) announced a quarterly dividend on Sunday, October 18th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.35 per share by the financial services provider on Monday, November 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, November 2nd. This is a 16.7% increase from Ally Financial’s previous quarterly dividend of $0.30.

Ally Financial has increased its dividend by an average of 0.1% annually over the last three years. Ally Financial has a payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ally Financial to earn $6.07 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 19.8%.

Ally Financial Price Performance

Shares of NYSE ALLY traded up $0.39 during mid-day trading on Tuesday, reaching $37.98. The company had a trading volume of 1,331,797 shares, compared to its average volume of 3,520,117. The company has a 50-day moving average price of $40.68 and a two-hundred day moving average price of $42.69. The stock has a market cap of $11.55 billion, a PE ratio of 8.97, a P/E/G ratio of 0.28 and a beta of 1.11. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26. Ally Financial has a 1-year low of $35.92 and a 1-year high of $47.29.

Ally Financial (NYSE:ALLY) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.01. Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the business earned $1.15 EPS. The company’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that Ally Financial will post 5.00 earnings per share for the current year.

About Ally Financial

Ally Financial Inc is a digital financial services company headquartered in Detroit, Michigan, and traded on the New York Stock Exchange under the symbol ALLY. The company primarily serves consumers, automotive dealers and businesses in the United States through online and branchless banking and financing platforms.

Ally’s automotive finance business provides retail installment loans and leases to consumers and floorplan financing and other services to automotive dealers. Its consumer banking operations, conducted through Ally Bank, offer deposit products such as savings accounts, money market accounts and certificates of deposit, along with consumer lending products.

The company also provides credit cards and commercial financing, and offers investment and brokerage services through Ally Invest.