How’s your work week? Mine was a tough one and I just survived.
Genuine Parts (NYSE: GPC) declared a quarterly dividend of $0.6575 per share, or $2.63 annualized. This is a 6.9% increase from the prior dividend of $0.615.
The dividend will be payable on April 1, 2016, to stockholders of record on March 4, 2016, with an ex-dividend date of March 2, 2016.
I have only 20 GPC shares and the YOC of my position will be improved from 2.9% to 3.2%.
Btw, I found a very well written blog post about recent GPC’s dividend hike, although it is in Japanese
Disclosure: Long GPC