Ally Financial's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Ally Financial (NYSE:ALLY) has announced that shareholders as of the end of Tuesday's session will be eligible for a quarterly dividend of 30 cents per share, with the ex-dividend date being Wednesday. The stock is expected to open 30 cents lower on Wednesday to reflect the dividend payout. The dividend is scheduled to be paid on February 15, 2024.
January 26, 2024 | 2:45 pm
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Ally Financial will pay a quarterly dividend of 30 cents per share, with the ex-dividend date being Wednesday. The stock is likely to open lower by the dividend amount on that day.
The stock price of Ally Financial is likely to decrease in the short term by the amount of the dividend, as stocks typically drop by the dividend amount on the ex-dividend date. This is a common occurrence and is expected by the market. However, the overall impact on the stock's price trend will depend on broader market conditions and company performance.
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