Genuine Parts Company (GPC) to Issue Quarterly Dividend of $1.06 on October 2nd

Genuine Parts Company (NYSE:GPC) announced a quarterly dividend on Tuesday, August 11th. Stockholders of record on Friday, September 4th will be given a dividend of 1.0625 per share by the specialty retailer on Friday, October 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, September 4th.

Genuine Parts has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 70 years. Genuine Parts has a dividend payout ratio of 49.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Genuine Parts to earn $8.47 per share next year, which means the company should continue to be able to cover its $4.25 annual dividend with an expected future payout ratio of 50.2%.

Genuine Parts Price Performance

NYSE GPC opened at $133.81 on Thursday. The firm’s 50 day moving average is $119.27 and its 200-day moving average is $115.42. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $18.45 billion, a PE ratio of 535.24 and a beta of 0.63. Genuine Parts has a 12-month low of $90.78 and a 12-month high of $151.57.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.08 by $0.07. The business had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts anticipate that Genuine Parts will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Company Profile

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.