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Advance Auto Parts initates dividend

Automotive aftermarket parts provider Advance Auto Parts (AAP) will start paying a quarterly dividend of $0.06 per share. The first dividend will be paid on April 7, 2006 to shareholders of record on March 24, 2006.

Advance Auto Parts, Inc. provides automotive aftermarket parts in North America, serving professional and do-it-yourself, customers. The company's stores and branches offer a selection of brand name, original equipment manufacturer and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. Advance Auto Parts operates stores and Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The company also serves independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands.