General Motors has declared a first quarter 2017 dividend of 38 cents per share on the outstanding shares of the company’s common stock.

The first quarter dividend is payable Friday, March 24, 2017 to all common stockholders of record as of Friday, March 10, 2017.

The  automaker announced strong Q4 2016 earnings headlined by net income of $1.8 billion and earnings per share (EPS) diluted of $1.19 on net revenue of $44 billion.