Genuine Parts Company (GPC) Raises Dividend For 54th Straight Year

Auto parts manufacturer Genuine Parts Company (NYSE: GPC) announced on Monday that its board of directors approved a decision to raise the company's quarterly dividend 1 cent per share to 41 cents per share.

The dividend will be paid on April 1 to shareholders of record on March 5.

Genuine Parts Company has paid a dividend to shareholders every year since the company went public in 1948 and has increased those dividends for 54 years in a row.

Genuine Parts Company will announce its 4th quarter earnings on February 16.

The stock closed Friday at $38.19, up nearly 1% for the day.