Genuine Parts Company Announces Exciting Quarterly Dividend
Genuine Parts Company Announces Quarterly Dividend
Genuine Parts Company (NYSE: GPC), a renowned global leader in the supply of automotive and industrial replacement parts, has made an exciting announcement regarding a quarterly dividend. This commitment to delivering value to their shareholders reflects the company's robust performance and ongoing growth.
Dividend Information
The Board of Directors at Genuine Parts Company has declared a regular quarterly cash dividend of $1.00 per share on the company’s common stock. This dividend reflects the company’s solid financial standing and a steadfast commitment to returning value to its shareholders.
The upcoming dividend will be payable on a designated date to shareholders who are recorded as of a specific date. This is part of Genuine Parts Company’s recurring effort to maintain a meaningful distribution for its investors.
Company Overview
Founded in 1928, Genuine Parts Company has positioned itself as a key player in the global automotive and industrial parts sector. The company operates an extensive network, facilitating the supply of replacement parts and providing value-added solutions across diverse locations.
The Automotive Parts Group serves a wide-ranging client base including territories such as Canada, Mexico, and several European nations. In addition to this, their Industrial Parts Group caters to customers in similar regions, ensuring a broad geographic coverage.
With more than 10,700 locations across 17 countries, their operations are supported by over 60,000 dedicated employees. This impressive scale not only reflects the strength of the Genuine Parts Company but also its capability to meet customer demands efficiently.
Commitment to Customers
Genuine Parts Company operates under the principle of maintaining strong customer relations and fulfilling their needs through quality service. Their commitment is evident in their long-standing history and continuous innovation in the automotive and industrial repair markets.
Future Outlook
As Genuine Parts Company continues to enhance its offerings and expand into new markets, the outlook remains positive. Their strategic initiatives not only aim to meet current demands but also to adapt to the evolving landscape of the automotive and industrial parts sectors.
Conclusion
In summary, Genuine Parts Company (NYSE: GPC) is a formidable force in the automotive and industrial sectors, with a commitment to delivering value to shareholders reflected in their regular dividend declarations. The company’s expansive operational footprint and dedicated workforce position it well for sustained growth in a competitive environment.
Frequently Asked Questions
What is the dividend amount declared by Genuine Parts Company?
The declared dividend amount is $1.00 per share on the company's common stock.
When is the dividend payable?
The dividend is payable on a specific date to shareholders who are on record as of a prior date.
What sectors does Genuine Parts Company serve?
Genuine Parts Company serves the automotive and industrial replacement parts sectors across multiple countries.
How many locations does Genuine Parts Company have?
The company operates over 10,700 locations across 17 countries.
What is the history of Genuine Parts Company?
Founded in 1928, Genuine Parts Company has a rich history as a leading global supplier of automotive and industrial replacement parts.
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