Bapcor (ASX:BAP) has declared its final dividend of 11.5 Australian cents per share.

The automotive aftermarket parts distributor anticipates a solid performance for FY24, all subject to market conditions.

As part of its ‘Better Than Before’ program, the company is set to deliver its targeted FY24 goals.

The trade segment of the market anticipates a stable demand through FY24, although growth rates are expected to mellow to longer-term averages.

However, the retail sector might continue to face challenges given the uncertain market environment.

Furthermore, macro headwinds due to temporary margin pressures from cost inflation and other external aspects are anticipated for FY24.

Despite these factors, underlying demand in the New Zealand segment is expected to improve over the previous year.

Bapcor is a leading provider of automotive aftermarket spare parts, accessories, automotive equipment and services in Australasia.