By Colin Kellaher

Genuine Parts has raised its quarterly dividend by 3.2%, to $1.0625 a share from $1.03, making it 70 straight years that the distributor of automotive and industrial replacement parts has boosted its payout.

The new dividend, equal to $4.25 a year, represents an annual yield of about 2.89% based on Friday's closing price of $147.16, up from 2.8%.

The increase keeps Genuine Parts' spot in the S&P 500 Dividend Aristocrats Index, whose 69 members have paid a higher dividend for at least 25 straight years, as well as its place on the smaller list of dividend kings--those who have boosted their dividends annually for at least a half-century. That group currently counts 57 members, according to website Sure Dividend.

Atlanta-based Genuine Parts, which on Tuesday unveiled plans to split itself into two companies, said the increased dividend is payable April 2 to shareholders of record March 6.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

February 17, 2026 07:38 ET (12:38 GMT)

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