2023 Dividend Increases 6%
ATLANTA, Feb. 21,
2023 /PRNewswire/ -- Genuine Parts Company (NYSE:
GPC) announced today a 6% increase in its regular quarterly cash
dividend for 2023. At its February 21,
2023 meeting, GPC's Board of Directors increased the cash
dividend payable to an annual rate of $3.80 per share from $3.58 per share in 2022. The quarterly cash
dividend of ninety-five cents
($0.95) per share is payable
April 3, 2023 to shareholders of
record March 3, 2023. GPC has paid a
cash dividend every year since going public in 1948, and
2023 marks the 67th
consecutive year of increased dividends paid to shareholders.
![GPC Logo. (PRNewsFoto/Genuine Parts Company) GPC Logo. (PRNewsFoto/Genuine Parts Company)](https://mma.prnewswire.com/media/76327/genuine_parts_company_logo.jpg)
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 United
Kingdom, 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 58,000
employees. Further information is available at www.genpt.com.
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SOURCE Genuine Parts Company