Genuine Parts (GPC) Raises Quarterly Dividend 6.7% to $0.72; Announces Two Exec Changes
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Genuine Parts Company Marks 62nd Consecutive Year Of Increased Dividends And Announces Officer Changes
February 20, 2018 7:00 AM ESTATLANTA, Feb. 20, 2018 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today a 7% increase in the regular quarterly cash dividend for 2018. The Board of Directors of the Company, at its February 19, 2018 Board meeting, increased the cash dividend payable to an annual rate of $2.88 per share compared with the previous dividend of $2.70 per share. The quarterly cash dividend of seventy-two cents ($0.72) per share is payable April 2, 2018 to shareholders of record March 9, 2018. GPC has paid a cash dividend every year since going public in 1948, and 2018 marks the 62nd consecutive year of increased dividends paid to shareholders.
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