Genuine Parts Co. announces 70th dividend hike and auto/industrial split plan

On 2026-05-03, Genuine Parts Co. used its annual general meeting to confirm plans to separate its automotive and industrial operations into two independently traded companies. The company also announced a 2026 annualized dividend of $4.25 per share, its 70th consecutive annual dividend increase. The action followed a 2025 strategic review and was framed as a value-unlocking governance decision.