DETROIT — Ally Financial's board of directors recently declared
quarterly dividend payments for certain outstanding preferred stock, continuing
a stream heading to the U.S. Department of the Treasury. 

Officials indicated these dividends are payable on Nov. 15.

The company explained a quarterly dividend payment was
declared on Ally's Fixed Rate Cumulative Mandatorily Convertible Preferred
Stock, Series F-2, of approximately $134 million, or $1.125 per share, and is
payable to the U.S. Treasury.

A quarterly dividend payment was also declared on Ally's
Fixed Rate Cumulative Perpetual Preferred Stock, Series G, of approximately $45
million, or $17.50 per share, and is payable to shareholders of record as of
Nov. 1.

Additionally, a dividend payment was declared on Ally's
Fixed Rate/Floating Rate Perpetual Preferred Stock, Series A, of approximately
$22 million, or $0.53 per share, and is payable to shareholders of record as of
Nov. 1.

Including the aforementioned dividend payments on the Series
F-2 Preferred Stock, Ally calculated it will have paid a total of approximately
$5.8 billion to the U.S. Treasury since February 2009.

Officials added this amount includes preferred stock
dividends, interest payments and proceeds received by the U.S. Treasury in its
sale of Ally trust preferred securities.