Genuine Parts raises quarterly dividend 6% to 95c per share

Genuine Parts Company announced a 6% increase in its regular quarterly cash dividend for 2023. At its February 21 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 95c per share is payable April 3 to shareholders of record March 3. 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.