Genuine Parts Company (GPC): A Dividend Giant Built to Withstand Market Downturns

Genuine Parts Company (NYSE:GPC) is included among the 10 Best Recession Proof Dividend Stocks to Buy.

Genuine Parts Company (NYSE:GPC) is a top supplier of automotive and industrial replacement parts and has shown remarkable resilience over its long history. It has grown sales in 91 of its 97 years and increased earnings in 79 of them. Strong and consistent demand for replacement parts has supported this performance, along with the company’s disciplined approach to acquisitions. The company targets deals that not only enhance sales and margins but also contribute to earnings per share within the first year.

Genuine Parts Company (NYSE:GPC) earns most of its revenue from its automotive segment, which sells products through a wide distribution network that includes thousands of NAPA and Alliance auto parts stores. The automotive aftermarket tends to remain strong even during tough economic periods, since consumers continue to repair and maintain older vehicles as they age and require service.

In addition, Genuine Parts Company (NYSE:GPC) is a solid dividend company. It maintains one of the longest dividend growth streaks in the market, spanning 69 years. The company currently offers a quarterly dividend of $1.03 per share and has a dividend yield of 2.99%, as of September 26.

While we acknowledge the potential of GPC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.