Genuine Parts (NYSE:GPC) announced a quarterly dividend on Tuesday, February 20th, RTT News reports. Stockholders of record on Friday, March 9th will be paid a dividend of 0.72 per share by the specialty retailer on Monday, April 2nd. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.88%. This is a positive change from Genuine Parts’s previous quarterly dividend of $0.68.
Genuine Parts has increased its dividend payment by an average of 5.8% per year over the last three years and has increased its dividend every year for the last 61 years. Genuine Parts has a dividend payout ratio of 58.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Genuine Parts to earn $5.92 per share next year, which means the company should continue to be able to cover its $2.70 annual dividend with an expected future payout ratio of 45.6%.
Shares of Genuine Parts (GPC) opened at $99.83 on Tuesday. The stock has a market cap of $14,636.43, a P/E ratio of 21.94, a PEG ratio of 2.34 and a beta of 1.14. The company has a current ratio of 1.32, a quick ratio of 0.62 and a debt-to-equity ratio of 0.16. Genuine Parts has a 1-year low of $79.86 and a 1-year high of $107.75.
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Genuine Parts Company Profile
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.
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