Genuine Parts increases dividend for 59th consecutive year

Genuine Parts Company (NYSE: GPC) will increase its dividend by 7%.

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.

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