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Ally Financial Inc (NYSE:ALLY) Declares Dividends on Preferred Stock; Shares Increase

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By on Financial

Ally Financial Inc (NYSE:ALLY), an automotive financial services company, has detailed quarterly dividend payments for certain outstanding preferred stock. Each of the dividends are payable on August 15, 2014. A quarterly dividend payment was declared on Ally’s Fixed Rate Cumulative Perpetual Preferred Stock, Series G, of $45.1 million, or $17.50 per share, and is payable to shareholders of record as of August 1, 2014.

This represents an increase on the respective previous quarterly dividend payment of $43.6 million, or $16.92 per share, which was paid to shareholders on May 15. Additionally, a dividend payment was declared on Ally’s Fixed Rate/Floating Rate Perpetual Preferred Stock, Series A, of $21.7 million, or $0.53 per share, and is payable to shareholders of record as of Aug. 1, 2014.

This was the same rate as the respective previous quarterly dividend, which was paid on May 15. Shares in Ally Financial were trading 0.6% higher on Friday morning shortly after main markets opened at $23.58. Over the past 52 weeks, the company has seen a share price high of $27.90 and a low of $23.09.

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