This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Genuine Parts Company Announces 57th Consecutive Year Of Increased Dividends

Stocks in this article: GPC

ATLANTA, Feb. 19, 2013 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today a 9% increase in the regular quarterly cash dividend for 2013.  The Board of Directors of the Company, at its February 18, 2013 board meeting, increased the cash dividend payable to an annual rate of $2.15 per share compared with the previous dividend of $1.98 per share.  The quarterly cash dividend of fifty-three and three-quarter cents ($.5375) per share is payable April 1, 2013 to shareholders of record March 8, 2013.  GPC has paid a cash dividend every year since going public in 1948, and 2013 marks the 57 th consecutive year of increased dividends paid to shareholders.

(Logo:  http://photos.prnewswire.com/prnh/20081002/CLTH108LOGO )

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 "Investor Services", or by dialing 877-331-5106.   The conference ID is 92943087.  If you are unable to participate during the call, a replay of the call will be available on the Company's website or toll-free at 855-859-2056, ID 92943087, two hours after the completion of the conference call until 12:00 a.m. Eastern time on March 6, 2013.

About Genuine Parts Company

Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada and Mexico. 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 nationwide in the U.S. and in Canada.  The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the U.S., Canada and Mexico. 

SOURCE Genuine Parts Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs