This Dividend King Upped Its Payout: Should You Buy It?
Dividend-paying companies can provide shareholders with streams of passive income. These sources of income can then be used in whatever way an investor would like, whether it's for paying bills, dividend reinvestment, or charitable contributions.
Having raised their dividends for at least 50 consecutive years, Dividend Kings are the most established dividend payers. Last month, Genuine Parts Company (NYSE: GPC) announced a 6.1% boost in its quarterly dividend per share to $0.95. For context, this was the 67th straight year that the company lifted its payout.
This raises the following question for dividend growth investors: Is the stock a buy at the current share price? Let's examine Genuine Parts' fundamentals and valuation to find out.
Source Fool.com
