Genuine Parts Company (NYSE:GPC) Declares $1.03 Quarterly Dividend

Genuine Parts Company (NYSE:GPC) declared a quarterly dividend on Monday, November 17th. Shareholders of record on Friday, December 5th will be paid a dividend of 1.03 per share by the specialty retailer on Monday, January 5th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, December 5th.

Genuine Parts has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 70 consecutive years. Genuine Parts has a dividend payout ratio of 48.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Genuine Parts to earn $8.90 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 46.3%.

Genuine Parts Stock Performance

GPC opened at $126.71 on Tuesday. The company has a 50 day simple moving average of $133.42 and a two-hundred day simple moving average of $130.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.14 and a quick ratio of 0.51. The firm has a market cap of $17.63 billion, a P/E ratio of 21.81 and a beta of 0.75. Genuine Parts has a 1-year low of $104.01 and a 1-year high of $143.48.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter last year, the firm posted $1.88 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. Equities analysts forecast that Genuine Parts will post 7.9 earnings per share for the current fiscal year.

About Genuine Parts

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.