Hidden Gem Alert: Genuine Parts Co (GPC) – The Reliable Cash Machine Nobody’s Talking About
With 67+ years of dividend hikes (yes, you read that right), this auto and industrial parts giant is a dividend king flying under the radar
MaxDividends Mission: Helping & Supporting Everyone in Building a Growing Passive Income, Retiring Early, and Living Off Dividends.
For dividend investors seeking opportunities with strong growth potential, MaxDividends Stock Ideas offers a daily, in-depth look at companies worth considering for a dividend portfolio.
Scroll Down to Read. No access yet? Check your status & upgrade to Premium to join the movement. Exclusive insights await inside!
Intro
💡 Invest in companies you believe in - W. Buffett
Meet Genuine Parts Co (GPC) – the boring-but-brilliant backbone of the automotive and industrial world. While it won’t make headlines like Tesla or Nvidia, this 96-year-old company has delivered steady wealth to shareholders like clockwork. Think: recession-resistant business, a dividend streak older than most millennials, and a global empire in auto parts (NAPA) and industrial supplies.
If you love "set it and forget it" stocks that pay you year after year, GPC is your silent wealth builder. Let’s crack open why this unsung hero might be your portfolio’s next MVP.
History of the Company
Genuine Parts Company (GPC) was founded in 1928 in Atlanta, Georgia, as a small automotive parts distributor. Over its nearly century-long history, the company has grown into a global leader in the distribution of automotive and industrial replacement parts, boasting a presence in multiple countries and a diversified portfolio of business segments, including the well-known NAPA Auto Parts brand.
Listed on the New York Stock Exchange (NYSE: GPC), the company has built a reputation for reliability, innovation, and customer service, consistently expanding through strategic acquisitions and organic growth. Today, GPC operates thousands of stores and distribution centers worldwide, generating billions in annual revenue while maintaining its commitment to quality and operational excellence.
A Proven Dividend Eagle 🦅
Genuine Parts Company (GPC) is a true Dividend Eagle, boasting an impressive 70-year streak of uninterrupted dividend growth—a rare achievement that underscores its financial strength and commitment to shareholders.
The company currently offers an annual dividend of $4.12 per share (3.48% yield as of April 2) and has maintained disciplined growth, with a 7.06% annualized dividend increase over the past three years. With a sustainable payout ratio of 63.68% and strong cash flow generation, GPC remains a top choice for income-focused investors seeking long-term stability.
🦅 Dividend Eagles
An updated compilation of 100+ top-performing dividend stocks with 15+ years of consecutive dividend increases, selected based on MaxDividends’ strict criteria.
Companies featured on the Dividend Eagles list have a proven track record of regular and increasing dividend payouts. This ensures you receive a reliable income, whether you're planning for retirement or seeking additional cash flow.
The Dividend Eagles list offers precisely that—a gateway to financial growth and stability.
Beyond dividends, these companies often exhibit strong fundamentals and growth prospects. Investing in them not only provides income but also the opportunity for your investment to grow over time.
This is how we build our own growing passive income and long-term wealth.
Key Institutional Investors in Genuine Parts Company (GPC)
Vanguard Group Inc. – Largest shareholder with 25,364,876 shares (19.2% ownership).
BlackRock Inc. – Holds 18,742,543 shares, representing 14.1% of the company.
State Street Corporation – Owns 12,543,987 shares, accounting for 9.5% of total shares
What Makes Genuine Parts Company Stand Out?
Genuine Parts Company (NYSE: GPC)
Financial Score: 98 / 99 ⭐️⭐️⭐️⭐️⭐️+
Industry: Auto Parts
Dividend Increase - 70 Years
👉 Learn more about Financial Score
Genuine Parts Company (GPC) is a leading distributor of automotive and industrial replacement parts. It operates through two main segments: Automotive Parts Group and Industrial Parts Group.
The company supplies parts and accessories for various vehicles, including hybrid and electric cars, trucks, buses, motorcycles, and heavy equipment. It also provides repair and maintenance services, custom solutions like paint mixing and battery testing, and operates NAPA-branded auto care centers and an online platform. Additionally, GPC offers industrial components, tools, and inventory management solutions.
Genuine Parts Company - Quick MaxDividends Team Overview
🟢 According to the latest data, the company is currently profitable.
🟢 Company sales are growing, which indicates business development
🟢 The company has shown good dynamics in increasing operating profit over recent years, which supports its strategic outlook.
🟢 Earnings per share have a positive trend and are growing. This is a good sign of healthy business
🟢 Business copes effectively with challenges and, even in difficult years for markets, consistently generates income.Financial Statement
If you want to stay on top of your portfolio's health, don't forget to check in on the financials of the companies you've invested in. The better shape they’re in, the better your results will be. Keep an eye on their quarterly and annual reports to see how they're performing.
Here is a quick dive into Genuine Parts Company over last years
The strongest and most stable companies tend to have a Financial Score of 80+, with the very best ones hitting 90+. If you see that score start to dip below 80, that’s your cue to consider jumping ship before things get worse.
👉 Learn More about Financial Score
Our Paid Members get access to a curated watchlist of 19,000 companies worldwide, all scored by our team on a regular basis. Companies like Genuine Parts Company are on that list, too.
Future Growth Prospects for Genuine Parts Company.
Genuine Parts Company (GPC) is well-positioned for future growth, leveraging strategic market expansion, digital innovation, and partnerships. The company aims to capture a larger share of the electric vehicle parts market, projected to generate $425 million in revenue, alongside commercial fleet services and its growing digital parts marketplace.
With technology integration efforts involving major automotive manufacturers and e-commerce partnerships, GPC is enhancing its global distribution network across 12 emerging markets. Growth projections remain strong, with an expected annual revenue increase of 6.2% and a compound annual growth rate (CAGR) of 7.5% from 2024 to 2026. Investments in research and development, totaling $184 million, will further support expansion into high-growth segments such as aftermarket.
Recent Genuine Parts Financial Performance (2023)
With MaxDividends, it's easier than ever to access top dividend companies, track your results, and explore new dividend ideas.
The MaxDividends Top Stocks List features ~100 of the most reliable dividend companies in the U.S. market, each with 15+ years of consecutive dividend increases. These stocks are carefully selected based on MaxDividends' strict criteria for consistency and reliability.
Dividend Kings represent the elite tier of dividend growth stocks. With 50+ years of consecutive dividend increases, these companies offer unparalleled income stability, making them a top choice for investors seeking long-term reliability in an unpredictable market.
With 25+ years of consecutive dividend increases, Dividend Aristocrats are among the strongest dividend growth stocks. These companies have a proven track record of not only maintaining but consistently increasing their dividends, often outperforming the broader market over time.
Why Invest in Genuine Parts Company?
Investing in Genuine Parts Company (GPC) offers a compelling opportunity due to its strong market position, consistent financial performance, and long-term growth potential. As a Dividend King with a 70-year track record of uninterrupted dividend increases, GPC provides reliable income for investors.
The company benefits from a diverse business model, serving both automotive and industrial markets, which ensures stability across economic cycles. Its strategic expansion into high-growth areas such as electric vehicle parts, digital marketplaces, and commercial fleet services further enhances its growth potential.
With solid revenue projections, a strong international presence, and investments in technology and e-commerce partnerships, GPC remains a resilient and attractive investment choice for those seeking steady returns and long-term value
Interesting Fact
An interesting fact about Genuine Parts Company (GPC) is that it owns and operates NAPA Auto Parts, one of the most recognized automotive parts brands in North America.
With over 6,000 NAPA stores and a vast distribution network, GPC has built a reputation for reliability and service, making it a key player in the global automotive aftermarket industry for nearly a century.
Competitors
1. Penske Automotive Group Inc (NYSE: PAG)
Financial Score: 93 / 99
Industry: Auto & Truck Dealerships
Penske Automotive Group, Inc. is a diversified transportation services company engaged in the sale and servicing of automobiles and commercial trucks worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments.
2. Sonic Automotive Inc (NYSE: SAH)
Financial Score: 92 / 99
Industry: Auto & Truck Dealerships
Sonic Automotive, Inc. is one of the largest automotive retailers in the U.S., engaged in the sale of new and used vehicles, parts, service, insurance, and financing. The company also operates EchoPark, a network of specialty retail locations focused on used car sales, and the Powersports segment, which offers motorcycles, watercraft, and off-road vehicles. Founded in 1997, the company is headquartered in Charlotte, North Carolina, and its shares trade on the NYSE under the ticker SAH.
Final Thoughts: Should You Buy Genuine Parts Company?
Genuine Parts Company (GPC) is a solid choice for conservative investors. With a 70-year dividend growth history and a current yield of 3.48%, it offers stable passive income. Its business model is recession-resistant—demand for auto parts and industrial components persists in any market.
While the stock appears somewhat expensive (P/E ~18), this premium is justified by its business quality and moderate growth prospects. Ideal for dividend portfolios, but not suitable for those seeking high-growth assets.
Current Market Value
Undervalued \ Overvalued \ Fairly Valued
Compare the P/E ratios of competitor companies to assess whether the stock you're considering is overvalued. We calculate the average P/E among competitors as a benchmark.
If a company's current P/E is 20% or more below the competitor average, it is considered undervalued.
If it is 20% or more above, it is considered overvalued.
The P/E ratio is calculated by dividing the market value per share by earnings per share (EPS).
Fairy valued
Analysts Consensus
The analyst consensus based on the provided chart indicates a generally neutral to positive outlook. Most analysts recommend holding the stock, with some leaning towards a buy or strong buy rating. The price target range suggests moderate upside potential, with an average target of $131.13, a high of $155.00, and a low of $120.00, compared to the current price of $118.11.
GPC remains a core holding for dividend growth investors, though total return potential may lag high-flyers. Its unmatched payout durability justifies patience.
To your wealth, MaxDividends Team
More Dividend Ideas
Scroll Down to Read. Don’t have access? Check Your Paid Status & Upgrade to Premium.
Don’t have access? Check Your Paid Status & Upgrade to Premium.
MaxDividends is a Bestseller on Substack!
Hundreds of premium members have already discovered the benefits of the community and app, earning passive income through dividends with MaxDividends. Their passive income keeps growing!
What You’ll Get by Joining MaxDividends Premium
The most important thing our MaxDividends community members value us for
Freedom & Independence
No boss, no schedules—complete control over your time. Ability to work on passion projects or simply enjoy life without financial stress.
Passive Income That Grows Over Time
Dividend-paying stocks provide a steady, rising income stream. Unlike traditional retirement funds, you don’t need to sell assets to cover expenses.
Protection Against Inflation
Dividend growth investing ensures your income keeps pace with inflation. Companies that increase payouts help maintain purchasing power.
Stress-Free Investing
No need for active trading or daily market monitoring. Long-term buy-and-hold strategy minimizes stress and decision fatigue.
More Time for Family & Personal Goals
Spend more time with loved ones instead of working 40+ hours a week. Pursue hobbies, travel, and personal development without financial pressure.
Health & Well-Being Benefits
Less work stress leads to better mental and physical health. More time for fitness, proper sleep, and healthier lifestyle choices.
Avoiding the Corporate Rat Race
Escape office politics, toxic work environments, and endless meetings. Focus on meaningful activities instead of chasing promotions and pay raises.
Living Life on Your Own Terms
Ability to relocate, slow travel, or move to a lower-cost-of-living area. No restrictions on how you spend your day—whether it's reading, volunteering, or building a new skill.
Leaving a Legacy
Build generational wealth and leave assets for your family. Teach the next generation financial independence by leading by example.
Financial Security & Peace of Mind
A well-built dividend portfolio provides stability even during economic downturns. No fear of outliving your savings—passive income keeps flowing.
Many who already joined say it’s the best financial decision they’ve ever made—because money becomes a tool for freedom, not a source of stress.
Ready to Give It a Try?
Check Your Subsription Status & Upgrade to Premium.
If you have any questions, feel free to email me at: maxdividends@beatmarket.com
We’re in the Top Financial Blogs on Substack! 💪
MaxDividends continues to be recognized for its consistent effort, commitment to quality, and the loyalty of its growing community of partners.
MaxDividends Community: What ELSE You’ll Get Here
🔹 MaxDividends Stocks of the Week
Top 10 undervalued, high-yield, ultra-high yield, and dividend growth stocks every week.
Bonus: Full access to the updated weekly list of MaxDividends stocks—boost your passive income and start living off dividends.
🔹 Top Dividend Insights
Get exclusive, high-quality dividend investment ideas and insights, handpicked to help you crush your financial goals, retire early, and live off dividends.
🔹 Roadmap to Live Off Dividends
A step-by-step weekly guide to achieving financial freedom through dividend investing.
🔹 Easy Peasy: Build Your MaxDividends Portfolio
Ready-made MaxDividends stock sets starting at $300, $500, or $1000 each week—making it easier to build a strong dividend portfolio.
🔹 MaxDividends Business Overview
Deep dives into the top dividend stocks we hold, including key metrics, business insights, perspectives, and expert consensus.
🔹 MaxDividends Portfolio: Goal → $12,000 Monthly for 120 Months
My personal dividend portfolios with weekly updates, changes, and insights.
🔹 MaxDividends App & Tools Access
Comprehensive tools to help you retire early and live off dividends with confidence.
🔹 Community of Like-Minded Investors
Stay connected with me and other MaxDividends followers. Join the MaxDividends community chat to discuss ideas, share insights, set goals, and stay motivated. Support, accountability, and like-minded investors—all in one place!
🔹 Sunday Coffee ☕️
My personal life & business column, where I share:
Life moments & investing insights
Long-term investment philosophy
Thought-provoking ideas to help you succeed
🟢 What ELSE You’ll Get
Top Dividend Ideas
Unlock exclusive, high-quality dividend investment ideas available only for Premium members. These ideas are carefully curated to maximize returns, provide growing income, and accelerate your journey to financial freedom and early retirement.
By upgrading to Premium, you’ll gain access to:
Advanced stock recommendations tailored for dividend growth
In-depth research on high-yield dividend stocks with strong growth potential
Exclusive updates and insider insights to stay ahead of the curve
Undervalued Dividend Lists
With Premium access, you’ll get:
Undervalued Dividend Eagles (updated monthly)
Undervalued Dividend Kings (updated monthly)
Undervalued Dividend Aristocrats (updated monthly)
These lists highlight the most promising undervalued dividend stocks with strong growth potential, helping you maximize returns on your investment.
Dividend Insights
Gain exclusive insights:
Top 5 MaxDividends Ideas of the Month
Top 3 Most Promising Dividend Ideas of the Week
List of Dangerous Dividend Stocks (updated monthly) – avoid risky picks
These carefully researched ideas will guide you in making smart, informed decisions to build wealth with dividends.
🟢 And even MORE!
Unlock the best dividend tools available, created by the MaxDividends Team:
Dividend Screener: Find your own hidden gems—uncover undervalued dividend stocks with high growth potential.
Dividend Portfolio Tracker: Keep track of every aspect of your passive income and optimize your portfolio.
Dividend Checker: Check the financial and dividend score of 19,000+ companies worldwide to make data-driven choices.
MaxDividends Premium gives you all the tools you need to build, track, and grow your passive dividend income to retire early and live off dividends.
We are Recommended on Substack
Trusted by 35,000+ subscribers. Followed by 28,000+ dedicated readers
The European Value Investor ⭐️⭐️⭐️⭐️⭐️
“If you are interested in dividend strategies or passive income strategies, this Substack ia great! Its worth a visit“
Johan Lunau - The Long View ⭐️⭐️⭐️⭐️⭐️
“Practical dividend focus. Saving for retirement.“
Shailesh Kumar - The Astute Investor’s Calculus ⭐️⭐️⭐️⭐️⭐️
“Love the concept and the execution. If you are into building a portfolio that will generate ever growing income for you, subscribe to Max Dividends. I did.“
MS Cliff Notes ⭐️⭐️⭐️⭐️⭐️
“A useful substack for those that invest in stocks that pay dividends or are looking to get into such a strategy. Includes education and actionable ideas.“
Timothy Assi - Panic Drop ⭐️⭐️⭐️⭐️⭐️
“Great for helling you pick up high-yield dividend growth stocks“
And 220+ more other great authors and pro’s are recommend MaxDividends!
FAQ
I ❤️ Dividends: Why I Believe Dividend Investing Is the Best Strategy | PDF Book
How Effective is the MaxDividends Strategy for Building Growing Passive Income
Someone's sitting in the shade today because someone planted a tree a long time ago. ― Warren Buffett.