Genuine Parts Company (NYSE:GPC) Declares Quarterly Dividend of $1.06

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 is Friday, December 4th.

Genuine Parts has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 70 consecutive years. Genuine Parts has a payout ratio of 49.5% indicating that its dividend is sufficiently covered by earnings. 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

GPC opened at $125.82 on Tuesday. The firm’s 50-day moving average price is $128.65 and its 200-day moving average price is $119.96. Genuine Parts has a 52-week low of $90.78 and a 52-week high of $151.57. The company has a quick ratio of 0.54, a current ratio of 1.22 and a debt-to-equity ratio of 0.96. The company has a market cap of $17.35 billion, a P/E ratio of 503.28, a price-to-earnings-growth ratio of 2.77 and a beta of 0.65.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $6.49 billion. During the same quarter in the prior year, the firm posted $1.98 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Genuine Parts will post 7.62 EPS for the current fiscal 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.

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