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DETROIT - Ally Financial Inc. (NYSE:ALLY) announced today that its board of directors declared a quarterly cash dividend of $0.30 per share on the company’s common stock, according to a press release statement. The dividend represents a yield of 2.82%, and according to InvestingPro Tips, the company has maintained dividend payments for 11 consecutive years, demonstrating consistent shareholder returns.
The dividend is payable on May 15, 2026, to shareholders of record as of May 1, 2026. InvestingPro analysis suggests the stock appears undervalued at current levels, with 6 additional ProTips available to subscribers.
The board also declared quarterly dividend payments on the company’s preferred stock securities. The 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, will receive approximately $15.9 million, or $11.75 per share, payable to shareholders of record as of April 30, 2026.
The 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, will receive approximately $11.8 million, or $11.75 per share, also payable to shareholders of record as of April 30, 2026.
Both preferred stock dividend payments are scheduled for May 15, 2026.
In other recent news, Ally Financial Inc. has received attention from multiple analyst firms regarding its financial outlook. BofA Securities raised its price target for Ally Financial to $52 while maintaining a Buy rating, although it anticipates first-quarter 2026 earnings per share to be $0.85, which is below the consensus estimate of $0.94. In contrast, Evercore ISI lowered its price target for the company to $48, maintaining an Outperform rating, following discussions with the company’s investor relations team about macroeconomic factors and asset growth. Fitch Ratings affirmed Ally Financial’s Long-Term Issuer Default Rating at ’BBB-’ and revised the Rating Outlook to Positive from Stable, citing improved credit quality and profitability. This change reflects Fitch’s expectations for ongoing improvements in profitability, credit performance, and capital leverage. Additionally, Ally Financial has appointed Rodney Hood as a senior policy advisor to CEO Michael Rhodes. Hood’s extensive experience in banking and regulation is expected to enhance the company’s engagement in political affairs and Washington D.C.
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