Genuine Parts increases dividend for 59th consecutive year
The Board of Directors of the Company, at its February 16, 2015 Board meeting, increased the cash dividend payable to an annual rate of $2.46 per share compared with the previous dividend of $2.30 per share. The quarterly cash dividend of sixty-one and one-half cents ($.615) per share is payable April 1, 2015 to shareholders of record March 6, 2015. GPC has paid a cash dividend every year since going public in 1948, and 2015 marks the 59(th) consecutive year of increased dividends paid to shareholders (source: Genuine Parts).
The indicated dividend yield for Genuine Parts is 2,5% based on the current stock price of $97.