Genuine Parts Company: Market Dominance, Valuation And Dividend Growth Make This Dividend King A Buy

Genuine Parts Company (GPC ) has one of the most impressive dividend growth histories in the market. With 62 years of dividend growth, Genuine Parts has the fourth longest dividend growth streak of any U.S. company. Because of this impressive dividend track record, Genuine Parts qualifies as a Dividend Kin.

Dividend Kings are those companies that have managed to increase their dividend for at least 50 consecutive years. You can see the full list of all 25 Dividend Kings here.

Genuine Parts is probably one of the least followed Dividend Kings out there. However, Genuine Parts’ business, dividend history, yield, and valuation make it a buy for dividend growth investors.

Carlyle Fraser created the Genuine Parts Company that we know today when he purchased Motor Parts Depot for $40,000 in 1928. He gave the company the name it has today. What started as a fairly modest investment 90 years ago has become a publicly owned company with a market cap of almost $13 billion.

These days, Genuine Parts is a leading distributor of automotive and industrial replacement parts.

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