Genuine Parts raises quarterly dividend to $1.0625 per share
Automotive and industrial parts distributor increases payout for Q2, marking 70 years of consecutive dividend growth.
Genuine Parts Company (NYSE: GPC) declared a quarterly dividend of $1.0625 per share, payable on June 10 to shareholders of record as of May 24.
The dividend, approved by the board on May 21, represents a 1.2% increase from the prior quarter’s $1.05 per share and extends the company’s streak of annual dividend growth to 70 consecutive years. Genuine Parts has paid uninterrupted dividends since 1957.
The payout reflects the company’s focus on shareholder returns amid stable demand in its automotive and industrial distribution segments. The dividend yield stands at approximately 2.3% based on the current share price.
Genuine Parts, headquartered in Atlanta, operates through more than 10,000 locations globally under brands including NAPA and Motion Industries. The company serves commercial, industrial, and automotive end markets.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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