Genuine Parts Company raises dividend for 64th straight year

Dividend Aristocrat Genuine Parts Company (GPC) will raise its annual dividend to $3.16 per share, marking the 64th consecutive year of dividend increases.

The quarterly dividend will be increased by 3.6 percent to $0.79 per share by GPC.

he quarterly cash dividend of seventy-nine cents ($0.79) per share is payable April 1, 2020 to shareholders of record March 6, 2020.  GPC has paid a cash dividend every year since going public in 1948, and 2020 marks the 64th consecutive year of increased dividends paid to shareholders.

Genuine Parts currently has a 3.2% dividend yield based on a stock price of $99.35.

Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Germany and Poland. The Company also distributes industrial replacement parts and electrical and electronic materials in the U.S., Canada and Mexico through its Motion Industries and EIS, Inc. subsidiaries. S.P. Richards Company, the Business Products Group, distributes a variety of business products in the U.S. and in Canada.