Genuine Parts Company (NYSE:GPC) Files An 8-K Other Events
Item 8.01 Other Events
On February 19, 2019, Genuine Parts Company (NYSE: GPC) announced today a 6% increase in the regular quarterly cash dividend for 2019. The Board of Directors of the Company, at its February 18, 2019 Board meeting, increased the cash dividend payable to an annual rate of $3.05 per share compared with the previous dividend of $2.88 per share. The quarterly cash dividend of seventy-six and one-quarter cents ($0.7625) per share is payable April 1, 2019 to shareholders of record March 8, 2019. GPC has paid a cash dividend every year since going public in 1948, and 2019 marks the 63rd consecutive year of increased dividends paid to shareholders.
Genuine Parts Company plans to release Fourth Quarter and Year-End Earnings later this morning. Management will also conduct a conference call at 11:00 a.m. Eastern time. The public may access the call on the Company’s website, www.genpt.com, by clicking “Investors”, or by dialing 877-407-0789. The conference ID is 13686721. If you are unable to participate during the call, a recording of the call will be available on the Company’s website or toll-free at 844-512-2921, ID 13686721, two hours after the completion of the conference call until 12:00 a.m. Eastern time on March 5, 2019.
A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated February19, 2019
GENUINE PARTS CO Exhibit
EX-99.1 2 a8-kexhibitxdividendannoun.htm EXHIBIT 99.1 Exhibit GENUINE PARTS COMPANY NEWS RELEASE FOR IMMEDIATE RELEASEGENUINE PARTS COMPANYMARKS 63rd CONSECUTIVE YEAR OF INCREASED DIVIDENDS- Dividend for 2019 Increased by 6% – Atlanta,…
To view the full exhibit click here
About Genuine Parts Company (NYSE:GPC)
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other. The automotive segment distributes replacement parts for all makes and models of automobiles, trucks and other vehicles. The industrial segment distributes a range of industrial bearings, mechanical and fluid power transmission equipment, including hydraulic and pneumatic products, material handling components and related parts and supplies. The office products segment distributes a range of office products, computer supplies, office furniture, and business electronics. The electrical/electronic materials segment distributes a range of electrical/electronic materials, including insulating and conductive materials for use in electronic and electrical apparatus.