Genuine Parts (GPC) Raises Quarterly Dividend 6.7% to $0.72; Announces Two Exec Changes

Genuine Parts (NYSE: GPC) declared a quarterly dividend of $0.72 per share, or $2.88 annualized. This is a 6.7% increase from the prior dividend of $0.675. The dividend will be payable on April 2, 2018, to stockholders of record on March 9, 2018, with an ex-dividend date of March 8, 2018. The annual yield on the dividend is 2.9 percent.

Genuine Parts Company also announced today that its Board of Directors approved two corporate officer changes, effective immediately. Napoleon B. Rutledge, Jr. was named Senior Vice President of Finance, and Derek B. Goshay was appointed Vice President of Safety & Sustainability. Previously, Mr. Rutledge was Vice President of Finance and has served the Company in a variety of finance and accounting roles for 18 years, including eight years as an officer. Mr. Goshay was most recently the Senior Vice President of Human Resources for EIS and has served in similar roles across several of Genuine Parts' businesses in his 15 years with the Company.

Paul Donahue, President and Chief Executive Officer of Genuine Parts Company, commented, "Both Napoleon and Derek are well qualified and deserving of their new leadership roles within the Company. Napoleon's promotion further strengthens our Finance team and Derek's valuable experience enhances our corporate initiatives regarding Safety and Sustainability. We know they will do an outstanding job and look forward to their future contributions."

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

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