Genuine Parts Company (GPC) will raise its quarterly dividend by 7.0 percent from $0.575 to $0.615 per share in 2015. This follows a dividend hike of 7.0 percent by the Dividend Aristocrat in the previous year.
Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Germany and Poland. The Company also distributes industrial replacement parts and electrical specialty materials in the U.S., Canada and Mexico through its Industrial Parts Group. S.P. Richards, the Company's Business Products Group, distributes a variety of business products in the U.S. and in Canada. GPC has paid a cash dividend every year since going public in 1948.