Genuine Parts Company (NYSE:GPC) Shareholders Set to Receive $1.06 Quarterly Dividend

by · The Cerbat Gem

Genuine Parts Company (NYSE:GPC – Get Free Report) declared a quarterly dividend on Monday, November 9th. Investors of record on Friday, December 4th will be paid a dividend of $1.0625 per share by the specialty retailer on Tuesday, January 5th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, December 4th.

Genuine Parts has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 70 years. Genuine Parts has a dividend payout ratio of 49.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Genuine Parts to earn $8.18 per share next year, which means the company should continue to be able to cover its $4.25 annual dividend with an expected future payout ratio of 52.0%.

Genuine Parts Trading Up 2.5%

NYSE:GPC opened at $125.82 on Tuesday. Genuine Parts has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.22 and a quick ratio of 0.54. The stock has a market cap of $17.35 billion, a PE ratio of 503.28, a price-to-earnings-growth ratio of 2.77 and a beta of 0.65. The stock’s 50-day moving average is $128.65 and its two-hundred day moving average is $119.96.

Genuine Parts (NYSE:GPC – Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The specialty retailer reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.03. Genuine Parts had a return on equity of 23.00% and a net margin of 0.12%. The firm had revenue of $6.52 billion for the quarter, compared to the consensus estimate of $6.49 billion. During the same quarter in the prior year, the company posted $1.98 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts forecast that Genuine Parts will post 7.62 earnings per share for the current fiscal year.

Genuine Parts Company Profile

(Get Free Report)

Genuine Parts Company is a distributor of automotive replacement parts and industrial products. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves businesses and consumers through its distribution networks and brands.

Its automotive business distributes replacement parts, accessories and related products, including through the NAPA Auto Parts brand. Its industrial business, operating primarily as Motion, supplies products such as bearings, power-transmission components, fluid-power equipment and other maintenance and repair items to industrial customers.

Genuine Parts serves customers across North America and in international markets, including Europe and Australasia.

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