Ally Financial Inc. (ALLY) To Go Ex-Dividend on July 31st

Ally Financial Inc. (NYSE:ALLY) declared a quarterly dividend on Monday, July 20th. Shareholders of record on Friday, July 31st will be given a dividend of 0.30 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, July 31st.

Ally Financial has raised its dividend payment by an average of 0.1%per year over the last three years. Ally Financial has a dividend payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ally Financial to earn $6.45 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 18.6%.

Ally Financial Trading Down 2.4%

NYSE:ALLY opened at $44.42 on Wednesday. The stock has a market capitalization of $13.62 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.26 and a beta of 1.09. Ally Financial has a fifty-two week low of $35.92 and a fifty-two week high of $47.29. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93. The business’s 50-day simple moving average is $44.19 and its 200-day simple moving average is $42.63.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.01). Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company earned $0.99 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts expect that Ally Financial will post 5.32 earnings per share for the current fiscal year.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.