Genuine Parts Co. (GPC) Declares $0.575 Quarterly Dividend; Adds New Board Member

Genuine Parts Co. (NYSE: GPC) declared a quarterly dividend of $0.575 per share, or $2.3 annualized.

The dividend will be payable on October 1, 2014, to stockholders of record on September 5, 2014, with an ex-dividend date of September 3, 2014.

The annual yield on the dividend is 2.7 percent.

The company also the election of E. Jenner Wood, III, as a new independent Director of the Company. Mr. Wood is currently Executive Vice President of SunTrust Banks, Inc., a position he has held since 2005, and was also named Chairman, Chief Executive Officer and President of SunTrust's Atlanta Division in April 2014. Mr. Wood has 39 years of experience in banking and investment management and also serves on the boards of Southern Company and Oxford Industries.

Tom Gallagher, Chairman and CEO of Genuine Parts Company, stated, "Jenner Wood is an extremely talented executive with a wealth of business experience and knowledge. He is sure to be a valuable director and we look forward to his contributions in the coming years."

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

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