Genuine Parts (GPC) Announces Dividend Increase – $0.72 Per Share

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.

GPC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Genuine Parts from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a report on Tuesday, February 6th. Moffett Nathanson initiated coverage on shares of Genuine Parts in a report on Monday, December 4th. They set a “sell” rating for the company. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $98.40.

WARNING: This article was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at

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.

Dividend History for Genuine Parts (NYSE:GPC)

Receive News & Ratings for Genuine Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genuine Parts and related companies with's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit