Genuine Parts Company Declares Regular Quarterly Dividend

Rhea-AI Summary

Genuine Parts Company (NYSE: GPC) declared a regular quarterly cash dividend of $0.895 per share, payable on October 3, 2022, to shareholders of record as of September 2, 2022. This marks a continued commitment to shareholder returns. The company, founded in 1928, distributes automotive and industrial replacement parts across 17 countries through over 10,000 locations, employing approximately 53,000 individuals. This dividend reflects GPC's solid performance and dedication to providing income to its investors.

Positive

• Quarterly cash dividend of $0.895 supports shareholder income.
• Strong operational foundation with over 10,000 locations globally.
• Established history since 1928, indicating company stability.

Negative

• None.

News Market Reaction – GPC

+0.42%

+0.42% News Effect

On the day this news was published, GPC gained 0.42%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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ATLANTA, Aug. 15, 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 October 3, 2022 to shareholders of record September 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 dividend of $0.895 per share.

When will the GPC dividend be paid?

The dividend will be paid on October 3, 2022.

Who is eligible for the GPC dividend?

Shareholders of record as of September 2, 2022, are eligible for the dividend.

How often does GPC pay dividends?

Genuine Parts Company typically pays dividends quarterly.