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This Dividend King Hiked Its Payout Again: Should You Buy It?

TheMotleyFool

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This Dividend King Hiked Its Payout Again: Should You Buy It?

Last month, the automotive and industrial replacement parts stock Genuine Parts (NYSE: GPC) announced that it would be sending much more cash to shareholders.

Genuine Parts raised its quarterly dividend per share by 9.8% to $0.895. This extended its dividend growth streak to a tie for second place among the Dividend Kings of 66 years straight.

Let's dig into whether a dividend growth investor should buy Genuine Parts' stock by examining its fundamentals and valuation.

Source Fool.com

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