Genuine Parts Company (GPC) will raise its quarterly dividend by 6.7 percent to $0.72 per share in the first quarter of 2018.

This marks the 62nd consecutive year of dividend increases by this Dividend Aristocrat. The new dividend yield for GPC is 3.1%.

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.