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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