NEW YORK ( TheStreet) -- The ex-dividend date for Genuine Parts Company (NYSE: GPC) is tomorrow, June 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $51.41 as of 10:42 a.m. ET, the dividend yield is 3.5%. The average volume for Genuine Parts has been 862,100 shares per day over the past 30 days. Genuine Parts has a market cap of $8.1 billion and is part of the services sector and wholesale industry. Shares are up 0.4% year to date as of the close of trading on Monday. Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, Canada, and Mexico. The company has a P/E ratio of 16.3, below the average wholesale industry P/E ratio of 16.4 and below the S&P 500 P/E ratio of 17.7.
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