Advance Auto Parts slashes quarterly dividend by 83% to $0.25 to enhance liquidity

• Advance Auto Parts (NYSE:AAP) declares $0.25/share quarterly dividend, -83.3% decrease from prior dividend of $1.50.
• Forward yield 0.89%
• Payable July 28; for shareholders of record July 14; ex-div July 13.
• The company cut its quarterly dividend by 83% after paying a $1.5 per share in each of the previous 5 quarters to provide enhanced financial flexibility.
• See AAP Dividend Scorecard, Yield Chart, & Dividend Growth.