Genuine Parts increases 2012 regular quarterly cash dividend by 10%

Genuine Parts announced a 10% increase in the regular quarterly cash dividend for 2012. The Board of Directors of the company, at its Feb. 20 board meeting, increased the cash dividend payable to an annual rate of $1.98 per share compared with the previous dividend of $1.80 per share. The quarterly cash dividend of 49.5c per share is payable April 2 to shareholders of record March 9. GPC has paid a cash dividend every year since going public in 1948, and 2012 marks the 56th consecutive year of increased dividends paid to shareholders.