#5 - Genuine Parts (NYSE:GPC)
If you think 60+ years of dividend increases is impressive, Genuine Parts Co. (NYSE: GPC) has a streak of 70 consecutive years.
That’s significant for more than just longevity. It dates back to the 1950s when the golden age of American cars started. And as a distributor of automotive parts, among other things, Genuine Parts has been part of the fabric between the American consumer and their cars.
And now, in 2025, auto parts are expected to be in high demand as inflation and a trade war will make consumers eager to keep their existing cars well-maintained, putting GPC in a strong position.
With Genuine Parts, investors are getting more than just an outstanding dividend stock. In the last 15 years, GPC stock has delivered a total return of over 306%. In 2024 alone, the company generated $1.3 billion in operating cash flow and $684 million in free cash flow. Considering the company paid $555 million in dividends, it doesn’t appear that the company’s streak is in danger anytime soon.
About Genuine Parts
Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.
More about Genuine Parts- Current Price
- $120.30
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 5 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $130.86 (8.8% Upside)
