ATLANTA, Feb. 21, 2017 /PRNewswire/ -- Genuine Parts
Company (NYSE: GPC) announced today a 3% increase in the regular
quarterly cash dividend for 2017. The Board of Directors of
the Company, at its February 20, 2017
Board meeting, increased the cash dividend payable to an annual
rate of $2.70 per share compared with
the previous dividend of $2.63 per
share. The quarterly cash dividend of sixty-seven and
one-half cents ($0.675) per share is
payable April 3, 2017 to shareholders
of record March 10, 2017. GPC
has paid a cash dividend every year since going public in 1948, and
2017 marks the 61st
consecutive year of increased dividends paid to shareholders.
Genuine Parts Company plans to release Fourth Quarter and
Year-End Earnings later this morning. Management will also
conduct a conference call at 11:00 a.m.
Eastern time. The public may access the call on the
Company's website, www.genpt.com, by clicking "Investors", or by
dialing 877-604-9665. The conference ID is
5619563. If you are unable to participate during the call, a
recording of the call will be available on the Company's website or
toll-free at 844-512-2921, ID 5619563, two hours after the
completion of the conference call until 12:00 a.m. Eastern time on March 7, 2017.
About Genuine Parts Company
Genuine Parts Company is a distributor of automotive replacement
parts in the U.S., Canada,
Mexico and Australasia. The
Company also distributes industrial replacement parts in the U.S.,
Canada and Mexico through its Motion Industries
subsidiary. S. P. Richards Company, the Office Products
Group, distributes business products in the U.S. and Canada. The Electrical/Electronic Group, EIS,
Inc., distributes electrical and electronic components throughout
the U.S., Canada and Mexico.
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SOURCE Genuine Parts Company