At its Feb. 15 meeting, the company's board of directors increased the cash dividend payable to an annual rate of $2.63 per share compared with the previous dividend of $2.46 per share. The quarterly cash dividend of $.6575 per share is payable April 1 to shareholders of record March 4. Atlanta-based GPC, operator of NAPA Auto Parts, said it has paid a cash dividend every year since going public in 1948 - with 2016 marking the 60th consecutive year of increased dividends paid to shareholders.