This Stock Has A 4.26% Yield And Sells For Less Than Book

Ally Financial has been named as a Top 10 dividend-paying financial stock, according to Dividend Channel, which published its most recent ”DividendRank” report. The report noted that among shares of financial companies, ALLY displayed both attractive valuation metrics and strong profitability metrics. For example, the recent ALLY share price of $28.14 represents a price-to-book ratio of 0.8 and an annual dividend yield of 4.26% — by comparison, the average stock in Dividend Channel’s coverage universe yields 4.1% and trades at a price-to-book ratio of 2.5. The report also cited the strong quarterly dividend history at Ally Financial Inc, and favorable long-term multi-year growth rates in key fundamental data points.

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