Is This Dividend King Stock a Buy?
Investing in businesses that typically log revenue and earnings growth is a recipe for success as a dividend investor. This is because such growth is also able to fuel rising passive income.
Having upped its payout for 67 years straight, Genuine Parts (NYSE: GPC) is one of the best among just 47 other stocks that comprise the list of Dividend Kings. But does the company have more dividend growth left in the tank? And is its stock a buy for income investors? Let's examine Genuine Parts' fundamentals and valuation to tackle these questions.
Genuine Parts' business strategy of providing knowledgeable customer service and an expansive lineup of parts to customers has paid off. In just 95 years, the company has grown to 10,600-plus distribution centers, warehouses, and store locations throughout the continents of North America, Europe, and Australasia.
Source Fool.com
