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February 18, 2014
07:32 EDTGPCGenuine Parts increases dividend 7% to 57.5c
Genuine Parts announced a 7% increase in the regular quarterly cash dividend for 2014. The Board of Directors of the Company, at its February 17 Board meeting, increased the cash dividend payable to an annual rate of $2.30 per share compared with the previous dividend of $2.15 per share. The quarterly cash dividend of 57.5c per share is payable April 1 to shareholders of record March 7. GPC has paid a cash dividend every year since going public in 1948, and 2014 marks the 58th consecutive year of increased dividends paid to shareholders.
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