Published Fri, 17 Feb 2017 03:12:43 -0500 on Seeking Alpha
There are a number of groupings for dividend stocks, based on how long they have raised their dividends.
There are the Dividend Achievers, which have raised dividends for 10+ years. Then there are the Dividend Aristocrats, members of the S&P 500 that have increased their shareholder payouts for at least 25 consecutive years.
As impressive as these are, there is also a much smaller group known as the Dividend Kings, which consists of just 19 stocks with 50+ years of consecutive dividend increases.
You can see the entire list of Dividend Kings here.
Genuine Parts Company (NYSE: GPC) might not be a household name, but it has one of the longest dividend growth track records of any company in the entire stock market.
Genuine Parts has raised its dividend for 60 years in a row. It’s essentially a Dividend King, with a Dividend Achiever to spare.
Even better, Genuine Parts is about to hike its dividend again - for the 61st year in a row.
Genuine Parts is a distributor of automotive replacement parts, industrial parts, office supplies, and more. The company operates four separate segments:
Automotive Parts Industrial Parts Office Products Electrical/Electronic Materials These are all strong brands - all four represent the No. 1 or No. 2 brand in its respective category.
Source: 2016 Investor presentation, page 4
The core business is the automotive parts segment, which includes the flagship NAPA brand. This is the... Read more