How To Earn $500 A Month From Ally Financial Stock Ahead Of Q3 Earnings - Ally Financial (NYSE:ALLY)

Earnings Report - Ally Financial Inc. is set to release its third-quarter earnings results on October 17, with analysts expecting earnings of $1.01 per share, an increase from $0.95 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $2.11 billion, slightly up from $2.1 billion a year earlier [1] Analyst Ratings - JPMorgan analyst Richard Shane has maintained an Overweight rating on Ally Financial, while lowering the price target from $45 to $42 [2] - The current annual dividend yield for Ally Financial is 3.02%, translating to a quarterly dividend of $0.30 per share, or $1.20 annually [2] Dividend Strategy - To achieve a monthly income of $500 from dividends, an investment of approximately $198,500 or around 5,000 shares is required [2] - For a more modest monthly income of $100, an investment of about $39,700 or around 1,000 shares is necessary [2] Dividend Yield Calculation - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price, which can fluctuate based on stock price changes [3] - An increase in the stock price will decrease the dividend yield, while a decrease in stock price will increase the yield, assuming the dividend payment remains constant [4] Stock Performance - Shares of Ally Financial fell by 0.6%, closing at $39.70 on Wednesday [4]