Does Advance Auto Parts (AAP) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Yes. Advance Auto Parts (AAP) pays a dividend yielding about 1.80% as of August 2026, paid quarterly, four times a year. The latest payment on record was $0.25 per share, ex-dividend July 10, 2026. The forward annual rate is roughly $1.00 per share, about $180 a year on a $10,000 position before tax. The payout takes about 89% of earnings. Figures are approximate and dated; verify the current number with your broker.
Does Advance Auto Parts (AAP) pay a dividend?
Yes. Advance Auto Parts distributes a dividend yielding roughly 1.80% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.25 per share, with an ex-dividend date of July 10, 2026. Annualized, that is about $1.00 per share.
Advance Auto Parts is best read as a turnaround, so the numbers that matter are comparable store sales (whether the base business is growing without new stores) and margin (how much of each sales dollar becomes profit). The Q1 2026 comps of about 3.5% and gross margin near 45% mark real progress from a company that had been shrinking and losing money. Because AAP earns lower margins than AutoZone and O'Reilly, much of the potential upside is about closing that gap through supply-chain consolidation and product-margin gains rather than rapid revenue growth. Investors typically compare its valuation and margins against those two larger rivals; the open question is how much of the early turnaround success is already reflected in the share price after the stock rallied on the Q1 results.
AAP dividend at a glance
| 2026-07-10 | $0.25 |
| 2026-04-10 | $0.25 |
| 2026-01-09 | $0.25 |
| 2025-10-10 | $0.25 |
| 2025-07-11 | $0.25 |
| 2025-04-11 | $0.25 |
AAP dividend data as of August 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with AAP's investor relations page before relying on it.
Is the AAP dividend covered?
Advance Auto Parts paid out about 89% of its earnings as dividends, so the dividend absorbs nearly all earnings. There is little cushion at that level: if earnings fall, the company has to fund the payout from cash or debt, or cut it. Check the cash-flow coverage and the trend in earnings before treating the yield as dependable.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the AAP dividend has changed
The latest payment of $0.25 per share compares with $0.25 in the equivalent payment a year earlier (July 11, 2025). That is a change of 0.0% over the year.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on AAP's investor relations page.
What AAP's dividend means for you
- Income: about $180 a year per $10,000 invested, before tax.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for AAP the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How AAP dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the AAP dividend
Advance Auto Parts (AAP) pays about 1.80%, or roughly $1.00 per share a year. At that level the dividend is a modest supplement rather than the reason to own it: the case rests on total return. For the full picture see the AAP guide. Walnut can show how AAP fits your real portfolio. It is not an investment adviser.
Investing in Advance Auto Parts with AI
Connect the broker you already use and ask Walnut's AI how AAP fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
Does Advance Auto Parts (AAP) pay a dividend?
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Yes. Advance Auto Parts pays a dividend yielding roughly 1.80% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.25 per share with an ex-dividend date of July 10, 2026. That works out to a forward annual rate of about $1.00 per share. Yields move with the share price, so verify the current figure with your broker or AAP's investor relations page before relying on it.
What is AAP's dividend yield?
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About 1.80% as of August 2026. On a $10,000 position that is roughly $180 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so AAP yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does AAP pay its dividend?
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Advance Auto Parts pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of July 10, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on AAP's investor relations page, because boards can change both the amount and the timing.
When is AAP's ex-dividend date?
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The ex-dividend date recorded in our August 2026 data pull is July 10, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check AAP's investor relations page for the next confirmed date.
Has Advance Auto Parts raised its dividend recently?
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Not in the last year. The latest payment of $0.25 per share is unchanged from the $0.25 paid a year earlier. A flat dividend is not necessarily a warning sign, but it does mean the income is losing ground to inflation.
Is AAP's dividend safe?
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Advance Auto Parts paid out about 89% of its earnings as dividends, so the dividend absorbs nearly all earnings. There is little cushion at that level: if earnings fall, the company has to fund the payout from cash or debt, or cut it. Check the cash-flow coverage and the trend in earnings before treating the yield as dependable. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
How much would I earn in dividends from a $10,000 position in AAP?
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At a yield of about 1.80%, roughly $180 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.
Are AAP dividends qualified for tax purposes?
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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest AAP dividends?
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Most brokers offer automatic reinvestment (a DRIP) that puts each AAP payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Does AAP pay a dividend?
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Yes, but a reduced one. Advance Auto Parts cut its dividend sharply during its restructuring, and it declared a regular quarterly cash dividend of $0.25 per share in May 2026. That is well below its historical rate, reflecting pressure on free cash flow during the turnaround. Investors focused on income should note the dividend is much smaller than it once was and that capital return is a lower priority while the company reinvests in its recovery.
Walnut is informational, not investment advice. Dividend figures on this page come from a August 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with AAP's investor relations page or your broker before acting on them.