Genuine Parts Company (GPC) will raise its quarterly dividend by 6.9 percent to $0.6575 per share in 2016. This follows a dividend hike of 7.0 percent by the Dividend Aristocrat in the previous two years.

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.