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Genuine Parts (GPC) Increases Buyback By 15M Shares, Declares Dividend
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Genuine Parts Company (NYSE: GPC) announced today the Company has increased the number of shares of its common stock authorized for repurchase by 15 million shares.
Genuine Parts Company also declared a regular quarterly cash dividend of thirty-nine cents ($.39) per share on the Company's common stock. The dividend is payable January 2, 2009 to shareholders of record December 5, 2008.
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