Genuine Parts Company Declares Regular Quarterly Dividend

Rhea-AI Summary

Genuine Parts Company (NYSE: GPC) has declared a quarterly cash dividend of $0.895 per share on its common stock. This dividend will be payable on January 3, 2023 to shareholders of record as of December 2, 2022. Established in 1928, the company operates globally, distributing automotive and industrial replacement parts from over 10,000 locations across 17 countries, employing approximately 53,000 people.

Positive

• Quarterly cash dividend of $0.895 per share enhances shareholder income.
• Continued profitability reflects company confidence and stability.

Negative

• None.

News Market Reaction – GPC

+0.92%

+0.92% Session move

In the trading session that priced this news, GPC gained 0.92%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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ATLANTA, Nov. 14, 2022 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today its Board of Directors declared a regular quarterly cash dividend of eighty-nine and one-half cents ($0.895) per share on the company's common stock.

The dividend is payable January 3, 2023 to shareholders of record on December 2, 2022.

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 U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal. 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 17 countries and has approximately 53,000 employees. Further information is available at www.genpt.com.

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SOURCE Genuine Parts Company

FAQ

What is the dividend amount declared by GPC?

Genuine Parts Company declared a quarterly cash dividend of $0.895 per share.

When will the dividend be paid to GPC shareholders?

The dividend will be paid on January 3, 2023.

What is the record date for GPC's quarterly dividend?

The record date for the dividend is December 2, 2022.

How many employees does GPC have?

Genuine Parts Company has approximately 53,000 employees.

In how many countries does GPC operate?

Genuine Parts Company operates in 17 countries.