Ally Financial Inc Dividends
The next dividend date for Ally Financial Inc has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Ally Financial Inc (ALLY)
More About Ally Financial Inc
Ally Financial Inc., a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Corporate Finance Operations, and Corporate and Other segments. It offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing to consumers, automotive dealers and retailers, companies, and municipalities; and financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The company also provides consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers; VSCs, VMCs, and GAP products; and underwrite select commercial insurance coverages, which primarily insure dealers' vehicle inventory. In addition, it provides senior secured asset-based and leveraged cash flow loans to middle-market companies; leveraged loans; commercial real estate product to serve companies in the nursing facilities, senior housing, and medical office buildings; and treasury activities, such as management of the cash and corporate investment securities and loan portfolios, short- and long-term debt, retail and brokered deposit liabilities, derivative instruments, original issue discount, and equity investments. Further, the company offers commercial banking products and services; and securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.
Owning Ally Financial Inc Stock on the Dividend Date
If you own Ally Financial Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Ally Financial Inc stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Ally Financial Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Ally Financial Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Ally Financial Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Ally Financial Inc Options on the Dividend Date
Unlike the stock price, which will normally have an abrupt decrease by the amount of the dividend on the ex-dividend date, option prices typically do not reflect the same phenomenon.
The reason is that in the time leading up to the ex-dividend date, that projected drop in Ally Financial Inc stock price from the dividend is already baked into Ally Financial Inc option prices.
That means the prices of call options that overlap the Ally Financial Inc ex-dividend date typically go down in the period leading up to the ex-dividend date.
The prices of put options that overlap the Ally Financial Inc ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Ally Financial Inc call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Ally Financial Inc put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Ally Financial Inc Dividends
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