Genuine Parts Company (GPC) will raise its quarterly dividend by 3.6 percent to $0.79 per share in 2020. This marks the 64th consecutive year of dividend increases by the automotive replacement parts distributor.

The next dividend is payable April 1, 2020 to shareholders of record March 6, 2020. A new annualized dividend rate of $3.16 per share yields 3.3% at a stock price of $100.26.

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.