Genuine Parts Company Declares Regular Quarterly Dividend

Genuine Parts Company (GPC) has announced a quarterly cash dividend of $0.79 per share, reflecting the company's ongoing commitment to returning value to shareholders.

Rhea-AI Summary

Genuine Parts Company (GPC) has announced a quarterly cash dividend of $0.79 per share, reflecting the company's ongoing commitment to returning value to shareholders. This dividend is set to be paid on January 4, 2021, to stockholders on record as of December 4, 2020. In 2019, GPC reported revenues totaling $19.4 billion, demonstrating its substantial presence in the automotive and industrial parts distribution sectors.

Positive

• Declared quarterly cash dividend of $0.79 per share.
• Dividend payment reflects continued commitment to shareholder value.

Negative

• None.

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ATLANTA, Nov. 23, 2020 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today that its Board of Directors declared a regular quarterly cash dividend of seventy-nine cents ($0.79) per share on the Company's common stock.

The dividend is payable January 4, 2021 to shareholders of record December 4, 2020.

About Genuine Parts Company
Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive replacement parts and industrial parts. The Company's Automotive Parts Group distributes automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Germany, Poland, the Netherlands and Belgium. The Company's Industrial Parts Group distributes industrial replacement parts in the U.S., Canada, Mexico and Australasia. Genuine Parts Company had 2019 revenues of $19.4 billion. Further information is available at www.genpt.com.

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SOURCE Genuine Parts Company

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by GPC?

GPC declared a quarterly cash dividend of $0.79 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on January 4, 2021.

When is the record date for GPC's dividend?

The record date for the dividend is December 4, 2020.

What were GPC's revenues in 2019?

GPC reported revenues of $19.4 billion in 2019.