How Safe Is Genuine Parts Company's Dividend?
Genuine Parts Company (NYSE: GPC) isn't a household name for most Americans, but the company's business has been extremely successful over time. The company behind the Napa Auto Parts business has been able to string together decades of strong performance, combining share price appreciation with lucrative dividend payments to its shareholders. Some worry that the maker of automotive and industrial parts might not be able to do as well as it has in the past, and income investors want to be sure that the company's dividend is safe. The following analysis looks at Genuine Parts and whether dividend investors can count on its payouts going forward.
Current Quarterly Dividend Per Share
$0.675
Source: Fool.com
Genuine Parts Corp Stock
€126.25
2.730%
Genuine Parts Corp is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
As a result the target price of 155 € shows a positive potential of 22.77% compared to the current price of 126.25 € for Genuine Parts Corp.
