Genuine Parts (GPC) Raises Quarterly Dividend 6.9% to $0.6575; 3% Yield

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Go back to Genuine Parts (GPC) Raises Quarterly Dividend 6.9% to $0.6575; 3% Yield

Genuine Parts Company Marks 60th Consecutive Year Of Increased Dividends And Announces Officer Changes

February 16, 2016 7:00 AM EST

ATLANTA, Feb. 16, 2016 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today a 7% increase in the regular quarterly cash dividend for 2016.  The Board of Directors of the Company, at its February 15, 2016 Board meeting, increased the cash dividend payable to an annual rate of $2.63 per share compared with the previous dividend of $2.46 per share.  The quarterly cash dividend of sixty-five and three-quarter cents ($.6575) per share is payable April 1, 2016 to shareholders of record March 4, 2016.  GPC has paid a cash dividend every year since going public in 1948, and 2016 marks the 60th consecutive year of increased dividends... More