Sterne Agee Starts Genuine Parts (GPC) at Neutral

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Genuine Parts (GPC) Declares $0.575 Quarterly Dividend; Motion Industries CEO to Depart

November 17, 2014 11:54 AM EST

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

The dividend will be payable on January 2, 2015, to stockholders of record on December 5, 2014, with an ex-dividend date of December 3, 2014.

The annual yield on the dividend is 2.3 percent.

Genuine Parts also announced that Bill Stevens, Chairman and CEO of Motion Industries, the Company's industrial parts distribution business, has announced... More