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Genuine Parts Company: One Of The Few Dividend Kings With A Yield Over 3% But Wait

Published Sun, 04 Aug 2019 21:06:40 -0400 on Seeking Alpha

Thesis
In my recent article quantitatively screening the Dividend Kings based on my criteria, I identified four stocks that are potentially interesting for Dividend Growth Investors. One of these was Genuine Parts Company (GPC). The company is a long time Dividend King having paid a growing dividend for 63 straight years. Only one company, American States Water (AWR), has paid a growing dividend for a longer period of time. Genuine Parts Company has many characteristics that dividend growth investors prefer including a yield > 3%, reasonable payout ratio, top and bottom line growth over time, decent balance sheet, and a long history of growing dividends. The stock price has traded in a fairly narrow range the past several years and periodically buying opportunities have occurred. But I believe that the stock is fairly valued at the moment but nearing a good entry point.

Source: rchattonfarms.com
Overview of Genuine Parts Company
Genuine Parts Company is a distributor and retailer of automotive parts, industrial and electrical components, and business products. The company is primarily known to most small investors through its ~6,000+ NAPA Auto Parts stores in North America, the GRUPAUTO stores in Europe, and the Repco brand in Australia. The Automotive Parts Group sells replacement parts, heavy duty parts, tools and equipment, accessories, and farm and marine supplies. The Industrial Parts Group offers access to 7.1 million industrial parts and serves over... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
MSC INDUSTRIAL DIRECT 71.99   13.6 5.30 3.00 4.18
FASTENAL 33.63   25.1 1.34 0.88 2.68
GRAINGER, W.W. 293.60   20.0 14.65 5.76 1.98
WAL-MART STORES 116.92   26.3 4.44 2.12 1.83
AMERICAN STATES WATER 90.79   44.1 2.06 1.22 1.37
ADVANCE AUTO PARTS 155.20   25.8 6.01 0.24 0.16
AMAZON.COM 1843.55   76.5 24.10 0.00 0.00
AUTOZONE 1129.07   20.2 55.97 0.00 0.00
O REILLY AUTOMOTIVE 393.90   23.5 16.78 0.00 0.00

MSC INDUSTRIAL DIRECT - MSM
MSC INDUSTRIAL DIRECT - MSM  


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