ATLANTA (Feb. 18, 2015) — Genuine Parts Co., parent of NAPA Auto Parts, has announced a 7-percent increase in its regular quarterly cash dividend for 2015.
The pay out marks the 59th consecutive year of increased dividends paid to its shareholders, the company said.
During the company's board of directors meeting Feb. 16, the board increased the cash dividend payable to an annual rate of $2.46 per share compared with the previous dividend of $2.30 per share. The quarterly cash dividend of $0.615 per share is payable April 1 to shareholders of record March 6.
The board also elected three corporate officers: Robert Milstead as senior vice president digital, Thomas Davis as vice president supplier business IT, and Jennifer Ellis as corporate secretary and associate counsel.