Genuine Parts (GPC) Raises Quarterly Dividend 7% to $0.615; Adds Three Di rectors

Genuine Parts (NYSE: GPC) declared a quarterly dividend of $0.615 per share, or $2.46 annualized. This is a 7% increase from the prior dividend of $0.575.

The dividend will be payable on April 1, 2015, to stockholders of record on March 6, 2015, with an ex-dividend date of March 4, 2015.

The annual yield on the dividend is 2.5 percent.

Genuine Parts Company also announced today that the Board of Directors has elected three new corporate officers. Robert A. Milstead was named Senior Vice President Digital, Thomas K. Davis was named Vice President Supplier Business IT and Jennifer L. Ellis was named Corporate Secretary and Associate Counsel.

Mr. Milstead joined the Company in January 2015 and brings with him over 18 years of experience in digital marketing and eCommerce strategy and execution, most recently serving as Vice President and Managing Director for Accenture. Mr. Davis was previously Director of Information Systems for the Company's Balkamp operations, and has been with the Company since 2012. Ms. Ellis has been with the Company since 2008, most recently serving as Assistant Corporate Secretary and Associate Counsel.

Tom Gallagher, Chairman and CEO of Genuine Parts Company, commented, "All three of these talented individuals bring valuable experience and expertise to their new positions in the organization. Rob's leadership role is instrumental to our global digital strategy, Tom is a key leader within our IT team and Jennifer's leadership is essential in guiding our corporate governance practices. We are pleased to have these officers on our corporate team and we look forward to their future contributions."

For a dividend history and other dividend-related data on Genuine Parts (GPC) click here.

You May Also Be Interested In

• Atmus Filtration Technologies (ATMU) Raises Quarterly Dividend 9.1% to $0.06; 0.5% Yield
• Farmers & Merchants Bancorp (FMCB) Raises Quarterly Dividend 4.7% to $5.60; 1.6% Yield
• United Community Banks Inc. (UCB) Raises Quarterly Dividend 4% to $0.26; 2.8% Yield