Genuine Parts (GPC) DIvidends Date & History

Key Takeaways

• Genuine Parts Company (GPC) offers a trailing dividend yield of 3.71%, providing solid income for investors.
• Quarterly dividend stands at $1.0625 per share, equating to an annual payout of $4.25.
• Remarkable 70 consecutive years of annual dividend increases, earning Dividend King status.
• Paid cash dividends every year since going public in 1948, demonstrating unwavering commitment.
• Trailing payout ratio elevated at 876.6% due to recent earnings decline, but free cash flow offers partial coverage.
• Stands out among auto parts peers with no dividends from competitors like AZO or ORLY.

Dividend Overview

Genuine Parts Company (GPC), a leading distributor of automotive and industrial parts, maintains a robust quarterly dividend policy. The current quarterly dividend is $1.0625 per share, payable on April 2, 2026, to shareholders of record on March 6, 2026, following a 3.2% increase declared on February 17, 2026. This results in an annual dividend of $4.25 and a trailing yield of 3.71% as of April 17, 2026. GPC is classified as a dividend growth stock, highlighted by its elite Dividend King status with 70 straight years of increases. While the yield is modest compared to high-yield sectors, it appeals to investors prioritizing consistency and gradual growth over aggressive payouts.

Dividend History and Growth

GPC has an exemplary dividend track record, paying cash dividends annually since its 1948 IPO and raising the annual dividend for 70 consecutive years. Recent quarterly dividends reflect steady progression: $1.00 in 2024, $1.03 in 2025, and $1.0625 in early 2026. Over the past five years, the dividend has grown at a compound annual rate of approximately 5-6%, supported by consistent increases despite economic cycles. This long-term strategy underscores GPC's commitment to shareholder returns through reliable, growing income streams without any recorded cuts.

Dividend Sustainability and Payout Ratio

GPC's trailing twelve-month (TTM) payout ratio stands at 876.6%, elevated due to a sharp earnings decline with TTM EPS at $0.47. However, forward projections suggest improvement to around 50-60%, aligning with historical norms. TTM free cash flow (FCF) of $421 million partially covers the estimated $591 million annual dividend obligation (based on 139 million shares outstanding), while operating cash flow of $891 million provides stronger support before capital expenditures of $470 million. The company's stable debt levels and 70-year increase streak indicate resilience, though recent earnings pressure warrants monitoring for sustained coverage.

Dividend Compared to Industry Peers

In the auto parts distribution sector, GPC's 3.71% yield significantly outpaces key peers. Competitors like AZO (AutoZone) and ORLY (O'Reilly Automotive) offer 0% yields, favoring share buybacks over dividends. Similarly, LKQ Corporation maintains minimal or no dividend. GPC's profile positions it as the income leader, above the consumer cyclical sector average, making it attractive for yield-focused investors in this growth-oriented industry.

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Is This Stock Attractive for Dividend Investors?

Genuine Parts Company (GPC) suits conservative dividend growth investors who value longevity and reliability over sky-high yields. Its 70-year streak of increases appeals to those seeking aristocrat-like stability in a cyclical sector, with the 3.7% yield providing decent income alongside modest growth potential. Long-term holders may appreciate the consistent quarterly payouts since 1948, backed by a dominant market position in parts distribution. However, the elevated trailing payout ratio from recent earnings weakness could concern yield-sensitive investors preferring lower-risk coverage. Income investors tolerant of moderate volatility might find GPC's peer-leading yield compelling, while high-growth seekers may look elsewhere. Overall, it fits portfolios emphasizing proven dividend reliability balanced against industry headwinds.

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