Is Ally Financial the Best Dividend Stock for You?
It's tempting, to be sure. Ally Financial (NYSE: ALLY) shares are currently sporting a dividend yield of a little over 4.4%. If you've been shopping around for dividend stocks for a while, then you know that's above average right now.
Before you buy a stake in this online lender, though, there's something you ought to know. That dividend? It may not be quite as secure as it seems.
On the off chance you're reading this and aren't aware, Ally Financial is an online bank. It offers all the basic retail banking services you'd expect from a local brick-and-mortar bank, including checking accounts, credit cards, and brokerage services.
Source Fool.com
