Genuine Parts Company Declares Regular Quarterly Dividend

Rhea-AI Summary

Genuine Parts Company (NYSE: GPC) has declared a quarterly cash dividend of $0.815 per share, payable on July 1, 2021 to shareholders of record as of June 4, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders. In 2020, Genuine Parts achieved revenues of $16.5 billion, supported by a robust distribution network across 14 countries. The company specializes in automotive and industrial replacement parts, emphasizing its significant role in the global marketplace.

Positive

• Quarterly cash dividend of $0.815 per share demonstrates commitment to shareholder returns.
• 2020 revenues of $16.5 billion highlight the company's strong market position.

Negative

• None.

ATLANTA, April 29, 2021 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today that its Board of Directors declared a regular quarterly cash dividend of eighty-one and one-half cents ($0.815) per share on the Company's common stock.

The dividend is payable July 1, 2021 to shareholders of record June 4, 2021.

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, Germany, Poland, the Netherlands and Belgium. 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 14 countries. Genuine Parts Company had 2020 revenues of $16.5 billion. Further information is available at www.genpt.com.

 

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SOURCE Genuine Parts Company

FAQ

What is the dividend amount declared by Genuine Parts Company?

Genuine Parts Company has declared a quarterly cash dividend of $0.815 per share.

When will the dividend be paid to shareholders of Genuine Parts Company?

The dividend will be payable on July 1, 2021.

What is the record date for the dividend for Genuine Parts Company?

The record date for the dividend is June 4, 2021.

What were the revenues of Genuine Parts Company in 2020?

Genuine Parts Company reported revenues of $16.5 billion in 2020.