Genuine Parts Company (NYSE:GPC) Raises Dividend to $1.06 Per Share

Genuine Parts Company (NYSE:GPC) announced a quarterly dividend on Tuesday, February 17th. Stockholders of record on Friday, March 6th will be given a dividend of 1.0625 per share by the specialty retailer on Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 6th. This is a 3.2% increase from Genuine Parts’s previous quarterly dividend of $1.03.

Genuine Parts has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 70 consecutive years. Genuine Parts has a payout ratio of 48.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Genuine Parts to earn $8.90 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 46.3%.

Genuine Parts Stock Down 14.4%

Shares of GPC stock traded down $21.20 during mid-day trading on Tuesday, hitting $125.96. The stock had a trading volume of 4,105,466 shares, compared to its average volume of 1,243,870. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.14 and a quick ratio of 0.51. Genuine Parts has a 12-month low of $104.01 and a 12-month high of $151.57. The firm’s 50-day moving average is $133.74 and its two-hundred day moving average is $133.66. The firm has a market capitalization of $17.52 billion, a P/E ratio of 21.68 and a beta of 0.74.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.24). The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.06 billion. Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, analysts predict that Genuine Parts will post 7.9 earnings per share for the current fiscal year.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.