Genuine Parts Company: A Safe 3% Dividend With 63 Years Of Consecutive Raises

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About: Genuine Parts Company (GPC)
by: Dividend Athlete
This article is exclusive for subscribers.
Dividend Athlete
Dividend investing, dividend growth investing, long only
Summary

GPC has increased dividend payouts to shareholders since 1956.

The current dividend yields close to 3% and is comfortably covered.

The company made a big acquisition in 2017 (AAG) to re-ignite top line growth.

The AAG acquisition increased debt meaningfully, but is not a big cause for worry.

Valuations are in line with the company's 5-yr average.

Thesis

Genuine Parts Company(GPC) has an extremely long track record to prove investor that it prioritises returning cash to shareholders through growing dividends. The company has in recent years increased debt to try