Genuine Parts increases dividend

Genuine Parts, the Atlanta auto parts distributor, raised its dividend before reporting its year-end results.

Genuine Parts increased its 2011 dividend by 10 percent Monday, to $1.80 per share from $1.64 per share. The company will report its fourth-quarter and year-end earnings Tuesday morning.

This is the 55th consecutive year of increased dividends, the company said. Genuine Parts also elected the chairman and CEO of Holder Properties, John. R. Holder, to its board.