Genuine Parts Company Declares Quarterly Dividend of $1.06 (NYSE:GPC)

Key Points

• Genuine Parts declared a quarterly dividend of $1.0625 per share, payable July 2 to holders of record on June 5, implying an annual dividend of $4.25 and a yield of about 4.1%.
• The company has raised its dividend for 70 consecutive years, and its current payout ratio (~49.5%) indicates the dividend is comfortably covered by earnings.
• GPC beat Q1 estimates with $1.77 EPS on $6.26 billion in revenue and issued FY2026 guidance of $7.50–$8.00 in EPS.

Genuine Parts Company (NYSE:GPC - Get Free Report) declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, June 5th will be paid a dividend of 1.0625 per share by the specialty retailer on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, June 5th.

Genuine Parts has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 70 consecutive years. Genuine Parts has a dividend payout ratio of 49.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Genuine Parts to earn $8.40 per share next year, which means the company should continue to be able to cover its $4.25 annual dividend with an expected future payout ratio of 50.6%.

Genuine Parts Stock Performance

Shares of GPC stock opened at $104.23 on Wednesday. Genuine Parts has a 12-month low of $96.08 and a 12-month high of $151.57. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.48. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of 242.77 and a beta of 0.76. The business has a 50 day simple moving average of $109.46 and a 200 day simple moving average of $123.76.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the business earned $1.75 EPS. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts anticipate that Genuine Parts will post 7.73 EPS for the current year.

Hedge Funds Weigh In On Genuine Parts

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Genuine Parts by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer's stock valued at $2,155,975,000 after buying an additional 167,981 shares in the last quarter. State Street Corp raised its holdings in Genuine Parts by 1.4% during the 4th quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer's stock worth $940,940,000 after buying an additional 107,440 shares during the period. Barclays PLC lifted its stake in Genuine Parts by 10.6% during the fourth quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer's stock valued at $479,711,000 after buying an additional 373,065 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Genuine Parts by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer's stock valued at $462,772,000 after acquiring an additional 64,676 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Genuine Parts by 16.6% in the fourth quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer's stock worth $308,935,000 after buying an additional 357,979 shares during the period. Institutional investors own 78.83% of the company's stock.

About Genuine Parts

Genuine Parts Company NYSE: GPC is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.