Genuine Parts Company: A Time Will Come To Buy This Dividend King

Nov. 14, 2022 2:37 AM ETGenuine Parts Company (GPC) StockGPC5 Comments
Passive Income Pursuit
4.33K Followers

Summary

  • Genuine Parts is a Dividend King with 66 consecutive years of dividend growth. Shares currently yield 2.01%.
  • Genuine Parts has grown into the largest automotive replacement parts network globally.
  • Genuine Parts' sales are tied heavily to the North American market which accounted for 76% of TTM revenues.
  • Genuine Parts has held up well despite the broader market decline reaching a new all-time high just last week.

NAPA Auto Parts Store

slobo/iStock Unreleased via Getty Images

Genuine Parts Company (NYSE:GPC) is a global distributor of automotive and industrial replacement parts. Genuine Parts started back in 1928 and has since grown into the global giant that it is today which operates in

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4.33K Followers
I started a dividend growth investment strategy a few years ago and am aggressively growing my portfolio to churn out enough dividends to reach financial independence.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in GPC over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am not a financial professional. Please consult an investment advisor and do your own due diligence prior to investing. Investing involves risks. All thoughts/ideas presented in this article are the opinions of the author and should not be taken as investment advice.

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