Genuine Parts Company Announces 66th Consecutive Year of Increased Dividends

Genuine Parts Company (NYSE: GPC) announced a 10% increase in its quarterly cash dividend, raising it from $3.26 to an annual rate of $3.58 per share.

Rhea-AI Summary

Genuine Parts Company (NYSE: GPC) announced a 10% increase in its quarterly cash dividend, raising it from $3.26 to an annual rate of $3.58 per share. The new quarterly dividend of $0.895 per share will be paid on April 1, 2022, to shareholders recorded by March 4, 2022. This marks the 66th consecutive year of increased dividends since the company went public in 1948. GPC continues its commitment to return value to shareholders through consistent dividend increases.

Positive

• 10% increase in quarterly cash dividend
• New dividend rate of $3.58 per share
• 66th consecutive year of increased dividends

Negative

• None.

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ATLANTA, Feb. 14, 2022 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today a 10% increase in the regular quarterly cash dividend for 2022. The Board of Directors of the Company, at its February 14, 2022 Board meeting, increased the cash dividend payable to an annual rate of $3.58 per share compared with the previous dividend of $3.26 per share. The quarterly cash dividend of eighty-nine and one-half cents ($0.895) per share is payable April 1, 2022 to shareholders of record March 4, 2022. GPC has paid a cash dividend every year since going public in 1948, and 2022 marks the 66th consecutive year of increased dividends paid to shareholders.

About Genuine Parts Company
Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. The Company's Automotive Parts Group distributes automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the United Kingdom, Ireland, Germany, Poland, the Netherlands and Belgium. The Company's Industrial Parts Group distributes industrial replacement parts in the U.S., Canada, Mexico and Australasia. In total, the Company serves its global customers from an extensive network of more than 10,000 locations in 15 countries. Genuine Parts Company had 2020 revenues of $16.5 billion. Further information is available at www.genpt.com.

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SOURCE Genuine Parts Company

FAQ

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What is the new dividend amount for GPC?

The new quarterly cash dividend for Genuine Parts Company is $0.895 per share.

When is the dividend payment date for GPC?

The dividend payment date for Genuine Parts Company is April 1, 2022.

How long has GPC been increasing its dividends?

Genuine Parts Company has increased its dividends for 66 consecutive years.

What was the previous dividend amount for GPC?

The previous dividend amount for Genuine Parts Company was $3.26 per share.