Advance Auto Parts Declares Regular Quarterly Dividend
ROANOKE, Va.--Advance Auto Parts, Inc., a leading automotive aftermarket retailer of parts, batteries, accessories, and maintenance items, announced that at its Board meeting yesterday, the company’s Board of Directors declared a regular quarterly cash dividend of six cents per share be paid on Friday, January 5, 2007 to stockholders of record as of Friday, December 22, 2006.
The company initiated a cash dividend in early 2006, and has returned its free cash flow this year to stockholders in the form of share repurchases and dividends.
About Advance Auto Parts, Inc.
Headquartered in Roanoke, Va., Advance Auto Parts is the second-largest retailer of automotive parts, batteries, accessories and maintenance items in the United States based on sales and store count. As of October 7, 2006, the company operated 3,029 stores in 40 states, Puerto Rico and the Virgin Islands. The company serves both the do-it-yourself and professional installer markets.
Additional information about the company, employment opportunities, services, as well as on-line purchase of parts and accessories can be found on the company's Web site at www.AdvanceAutoParts.com.