LKQ Corporation (LKQ) will start paying a quarterly dividend of $0.25 per share in 2021. On October 26, 2021, the Board of Directors declared the company's first ever quarterly cash dividend. The quarterly dividend of $0.25 per share will be paid on December 2, 2021, to stockholders of record at the close of business on November 11, 2021. The dividend yield for LKQ 1.8% at a stock price of $56.

Varun Laroyia, Executive Vice President and Chief Financial Officer commented, “We are increasing our full year 2021 outlook - a clear testament to our teams' ability to drive operational excellence initiatives in the midst of an operating environment that includes challenging inflationary and supply chain pressures. The announcement of our inaugural quarterly dividend reflects our confidence in our strategy and strength of our business and underscores our commitment to deliver long-term value to stockholders while continuing to allow for the repurchase of shares.”

LKQ Corporation is a provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of OEM recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.