Ally Financial Declares a Fresh Dividend

In contrast to other publicly traded companies that have cut or even suspended their dividends, Ally Financial (NYSE: ALLY) is keeping its payout steady. The company announced Friday, in advance of its latest quarterly results, that it will hand out a fresh disbursement next month. This quarterly dividend of $0.19 per share matches the company's previous one and will be distributed on May 15 to shareholders of record as of May 1.

Since mid-2016, Ally has been a steady and consistent dividend payer, handing out a disbursement every quarter. At the start of this year, it raised that payout by 12% to the present level.

Image source: Ally Financial.

Source Fool.com