Genuine Parts Company Dividends Increased
ATLANTA--The Board of Directors of Genuine Parts Company declared an increase of 7% in the regular quarterly cash dividend for 2008. The Board increased the cash dividend payable to an annual rate of $1.56 per share compared with the previous dividend of $1.46 per share. The quarterly cash dividend of thirty-nine cents ($.39) per share is payable April 1, 2008 to shareholders of record March 7, 2008. GPC has paid a cash dividend every year since going public in 1948 and 2008 marks the 52nd consecutive year of increased dividends paid to shareholders.
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. and Canada 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.