October 1, 2018

This 90-Year-Old Company Still Churns Out Record-High Profits and Dividends


A Dividend-Growth Stock You Likely Haven’t Thought Of



Income investors love established companies with large market capitalizations. This is because, in order to become a large-cap stock, a company usually has to build a strong presence in its operating market. And as a result, many large-cap stocks also have the ability to pay stable dividends.

The problem is, though, as a company captures the bulk of its target market, growth could slow down. That’s why despite their elite status in the dividend world, large-cap names are not exactly known as the fastest-growing ones. To investors, they are known more as income stocks rather than growth stocks.


And that, my dear reader, is why Genuine Parts Company (NYSE:GPC) stands out. The automotive replacement parts distributor started its business in 1928. Today, it is one of the biggest players in the business with approximately 6,000 Napa Auto Parts stores in the U.S., 700 wholesalers in Canada, 41 stores in Mexico, and more than 2,500 locations in Europe and Australia.




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