As Ally Financial declared quarterly dividend payments for certain outstanding preferred stock holders, the U.S. Department of the Treasury announced the completion of its second pre-defined written trading plan for Ally Financial common stock.

Treasury officials on Friday said they sold 11,249,044 shares and recovered approximately $245.5 million for taxpayers.  With the conclusion of the second trading plan, Treasury now holds approximately 54.9 million shares of common stock, or approximately 11.4 percent, of Ally.

“The conclusion of Treasury’s second trading plan is another step towards successfully exiting the taxpayer’s investment in Ally and winding down the Troubled Asset Relief Program (TARP),” federal officials said.

Treasury calculated that taxpayers have now recovered approximately $18.3 billion on the Ally investment, roughly $1.1 billion more than the original $17.2 billion investment

To date, officials highlighted taxpayers have recovered a total of $440.3 billion on TARP investments including the sale of Treasury’s AIG shares, compared to $425.5 billion disbursed.

Meanwhile, Ally officials noted that these dividends were declared by the board of directors this week and are payable on Nov. 17.

A quarterly dividend payment was declared on Ally's Fixed Rate Cumulative Perpetual Preferred Stock, Series G, of $46.1 million, or $17.89 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 $21.7 million, or $0.53 per share, and is payable to shareholders of record as of Nov. 1.