Genuine Parts (GPC) Dividend: History, Dates & Yield - 2024
Dividend History
Genuine Parts announced a quarterly dividend of $1.00 per ordinary share, payable on 2025-01-02, with an ex-dividend date of 2024-12-06. Genuine Parts typically pays dividends four times a year, compared to $4.00 in 2024.
Find details on Genuine Parts's dividend performance with a comprehensive history of past and upcoming payments.
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-06 | $1.00 | quarterly | 2025-01-02 |
2024-09-06 | $1.00 | quarterly | 2024-10-01 |
2024-06-07 | $1.00 | quarterly | 2024-07-01 |
2024-02-29 | $1.00 | quarterly | 2024-04-01 |
2023-11-30 | $0.95 | quarterly | 2024-01-02 |
2023-09-07 | $0.95 | quarterly | 2023-10-02 |
2023-06-01 | $0.95 | quarterly | 2023-07-03 |
2023-03-02 | $0.95 | quarterly | 2023-04-03 |
2022-12-01 | $0.90 | quarterly | 2023-01-03 |
2022-09-01 | $0.90 | quarterly | 2022-10-03 |
Dividend Increase
Genuine Parts's dividend growth over the last five years (2020-2024) was 5.60% per year, while over the last ten years (2015-2024), it was 5.71% per year. In comparison, Dover has seen an average growth rate of 1.11% over the past five years and Cincinnati Financial's growth rate was 7.69%.
By comparing Genuine Parts's dividend growth to other companies, investors can gain insight into how consistent its dividend strategy is and what that means for future payouts. However, dividend growth is just one factor to consider. Investors should also evaluate other metrics, such as earnings growth, payout ratio, and overall financial health, to get a full picture of Walmart's dividend sustainability and potential.
Dividend Yield
Genuine Parts's current trailing twelve-month (TTM) dividend yield is 3.41%. Over the last 12 months, Genuine Parts has maintained this yield, but how does it compare to similar stocks? For example, Dover offers a yield of 1.07%, while Cincinnati Financial provides a yield of 2.29%. Comparing similar stocks can help investors assess Genuine Parts's yield and make more informed decisions.
Company | Dividend Yield | Annual Dividend | Stock Price |
---|---|---|---|
Genuine Parts (GPC) | 3.41% | $4 | $117.38 |
Dover (DOV) | 1.07% | $2.05 | $190.74 |
Cincinnati Financial (CINF) | 2.29% | $3.24 | $141.24 |
Dividend Yield Calculator
Interested in purchasing Genuine Parts stock? Use our calculator to estimate your expected dividend yield and see how Walmart's consistent payouts could contribute to your long-term investment goals. Understanding your potential returns can help you make an informed decision.
Payout Ratio
Genuine Parts has a payout ratio of 0.50%. In comparison, Dover has a payout ratio of 0.18%, while Cincinnati Financial's payout ratio is 0.16%.
It's important to note that the payout ratio is just one of many metrics investors use to assess a company's dividend sustainability and growth potential. It should be considered alongside other financial indicators such as earnings, cash flow, and debt levels to gain a complete picture of the company's financial health.
About Genuine Parts
- Global presence Operates in over 70 countries worldwide
- Key segments Offers products in healthcare, consumer, and industrial sectors
- Products/services Provides a range of medical devices, consumer goods, and industrial materials
- Financial stability Strong track record of paying dividends consistently over the years
Frequently Asked Question
Other factors to consider when evaluating Genuine Parts as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Genuine Parts's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Genuine Parts publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Genuine Parts distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Genuine Parts are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Genuine Parts sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Genuine Parts distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Genuine Parts declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Genuine Parts's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Genuine Parts's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.