Genuine Parts Company Declares Regular Quarterly Dividend

Rhea-AI Summary

Genuine Parts Company (NYSE: GPC), a global service provider of automotive and industrial replacement parts, has announced a regular quarterly cash dividend of $1.00 per share on its common stock. The dividend will be payable on October 1, 2024 to shareholders of record as of September 6, 2024. This announcement demonstrates GPC's commitment to returning value to its shareholders and maintaining a consistent dividend policy.

Positive

• Consistent dividend payment indicates financial stability
• Shareholder value creation through regular cash distributions
• Maintenance of dividend policy suggests confidence in future cash flows

Negative

• None.

ATLANTA, Aug. 20, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today its Board of Directors declared a regular quarterly cash dividend of one dollar ($1.00) per share on the company's common stock.

The dividend is payable on October 1, 2024 to shareholders of record on September 6, 2024.

About Genuine Parts Company
Established in 1928, Genuine Parts Company is a leading global service provider of automotive and industrial replacement parts and value-added solutions. Our Automotive Parts Group operates across the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal, while our Industrial Parts Group serves customers in the U.S., Canada, Mexico and Australasia. We keep the world moving with a vast network of over 10,700 locations spanning 17 countries supported by more than 60,000 teammates. Learn more at genpt.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/genuine-parts-company-declares-regular-quarterly-dividend-302226761.html

SOURCE Genuine Parts Company

FAQ

What is the amount of Genuine Parts Company's (GPC) latest quarterly dividend?

Genuine Parts Company (GPC) has declared a regular quarterly cash dividend of $1.00 per share on its common stock.

When is the payment date for GPC's recently announced dividend?

The dividend is payable on October 1, 2024.

What is the record date for Genuine Parts Company's (GPC) upcoming dividend?

The record date for GPC's upcoming dividend is September 6, 2024.

How often does Genuine Parts Company (GPC) pay dividends?

Based on the announcement of a 'regular quarterly dividend', Genuine Parts Company (GPC) pays dividends on a quarterly basis.