Genuine Parts hikes dividend for 60th consecutive year

Dividend Aristocrat Genuine Parts Company (GPC) will raise its dividend by 6.9%


Genuine Parts Company (GPC) will hike its quarterly dividend to $0.6575 per share, marking 60 consecutive years of dividend increases for the specialty retailer.

Today's press release says that GPC has paid a cash dividend every year since going public in 1948, and 2016 marks the 60th consecutive year of increased dividends paid to shareholders.

Based on a stock price of $89 Genuine Parts currently has an estimated dividend yield of 2.9%.

Dividend News Headlines

Realty Income hikes dividend by 0.2%

Bristol-Myers Squibb hikes dividend by 1.6%

Preferred Bank hikes dividend by 6.7%

Edison International hikes dividend by 6%

Centerpoint Energy hikes dividend by 4.5%