Many income investors, especially those focused on the best
high dividend stocks, often rely on slow but steadily growing companies to make
up the core of their diversified dividend portfolios.
And among such companies, certain dividend kings, stocks
with 50+ consecutive years of payout growth, represent some of the best
time-tested, low risk names you can find on Wall Street.
Let’s take a look at Genuine Parts Company (GPC), a business
that’s seen sales and profit growth in 84 and 73 of the past 89 years,
respectively, and which has rewarded dividend lovers with an impressive 61
straight years of dividend increases.
Despite the company’s attractive long-term history, Genuine
Parts Company’s stock trades at an 18-month low, driven by disappointing auto
industry trends and fears over Amazon’s (AMZN) entry into the automotive
aftermarket parts industry.
Let’s take a closer look at this dividend king to learn more
about the potential headwinds it faces and whether or not the stock’s current
weakness could be an opportunity for long-term dividend growth investors.
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