Advance Auto Parts (AAP) Raises Quarterly Dividend 33.3% to $1.00; 2.1% Yield

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Go back to Advance Auto Parts (AAP) Raises Quarterly Dividend 33.3% to $1.00; 2.1% Yield

Advance Auto Parts Announces $1 Billion Increase to Share Repurchase Authorization, Increases Quarterly Cash Dividend and Updates Full Year 2021 Guidance

April 20, 2021 10:57 AM EDT

RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced that on April 19, 2021, its Board of Directors approved an additional share repurchase authorization of $1 billion, bringing the total available repurchase authorization to approximately $1.3 billion. In addition, the Board of Directors declared a quarterly cash dividend of $1.00 per share, an increase from $0.25. This dividend is payable July 2, 2021, to shareholders of record as of June 18, 2021.

In recognition of our 2020 results, strong financial position and... More