Shares of Genuine Parts Co. (GPC) yielded over 4% in trading on Monday, with stock prices dipping to as low as $105.59. The company’s quarterly dividend is annualized to $4.25 per share. This dividend yield is significant as dividends have historically contributed a substantial portion of stock market returns; for instance, the S&P 500 ETF (SPY) generated a positive return of 23.36% from dividends over a 13-year period, despite stock price depreciation.
Genuine Parts Co. has a consistent dividend growth record, having increased its dividend for over 20 consecutive years. This historical performance can provide investors insights into the sustainability of the current dividend yield.
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