Genuine Parts Company (GPC) to Distribute Quarterly Dividend of $1.06 on January 5th

Genuine Parts Company (NYSE:GPC) declared a quarterly dividend on Monday, November 9th. Stockholders 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 annualized dividend 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% annually 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 research 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 Stock Performance

NYSE:GPC opened at $124.60 on Wednesday. The business’s fifty day moving average is $128.42 and its 200 day moving average is $119.90. The firm has a market cap of $17.18 billion, a price-to-earnings ratio of 498.39, a PEG ratio of 2.75 and a beta of 0.65. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.54 and a current ratio of 1.22. Genuine Parts has a 52-week low of $90.78 and a 52-week high of $151.57.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, October 20th. The specialty retailer reported $2.07 EPS for the quarter, topping the consensus estimate of $2.04 by $0.03. Genuine Parts had a return on equity of 23.00% and a net margin of 0.12%. The business had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.49 billion. During the same quarter last year, the company earned $1.98 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Research analysts predict that Genuine Parts will post 7.62 EPS for the current year.

About Genuine Parts

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.