Genuine Parts Company Declares Regular Quarterly Dividend

Genuine Parts Company (NYSE: GPC) has declared a regular quarterly cash dividend of $0.79 per share on its common stock.

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Rhea-AI Sentiment

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Sentiment and the balance of points

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Rhea-AI Summary

Genuine Parts Company (NYSE: GPC) has declared a regular quarterly cash dividend of $0.79 per share on its common stock. This dividend will be payable on October 1, 2020 to shareholders of record as of September 4, 2020. The company reported revenues of $19.4 billion in 2019, indicating a strong financial standing. Genuine Parts Company, founded in 1928, focuses on distributing automotive and industrial replacement parts across various regions, including North America and Europe.

Positive

Quarterly cash dividend of $0.79 per share reflects strong financial health.
Dividends are a sign of company confidence and stability.

Negative

None.

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News Market Reaction – GPC

The recorded move for GPC in the trading session of this news was -0.70%.

Data tracked by StockTitan Argus. Session date unavailable.

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08/17/2020 - 04:36 PM EDT

ATLANTA, Aug. 17, 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 October 1, 2020 to shareholders of record September 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.

View original content to download multimedia:http://www.prnewswire.com/news-releases/genuine-parts-company-declares-regular-quarterly-dividend-301113473.html

SOURCE Genuine Parts Company

FAQ

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

What is the amount of GPC's quarterly dividend?

Genuine Parts Company has declared a quarterly dividend of $0.79 per share.

When is GPC's dividend payable?

The dividend is payable on October 1, 2020.

When is the record date for GPC's dividend?

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

What were GPC's revenues in 2019?

Genuine Parts Company reported revenues of $19.4 billion in 2019.

How long has Genuine Parts Company been in business?

Genuine Parts Company was founded in 1928.

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