Summary
GPC has been a stellar growth story for the past 90 years.
Genuine Parts has increased its dividend for an amazing 62 consecutive years.
The company just beat EPS and revenue expectations, raising their 2018 guidance.
This idea was discussed in more depth with members of my private investing community, Dividend Growth Rocks .
From time to time, you hit a company that is so old that you can’t believe it grows anymore. What would you think of a company selling car parts for nearly 100 years and still showing growth potential today? This is exactly the case of Genuine Parts (GPC). The stock has been put in the penalty box over the past 3 years. While the S&P 500 surged by 35% (as of July 25th), GPC has shown a poor +10% performance since July 2015. However, I’m seeing some rebound recently and it could be great timing to add this steady dividend grower to your portfolio.
