Genuine Parts Stock To Go Ex-dividend Tomorrow (GPC)

NEW YORK (TheStreet) -- The ex-dividend date for Genuine Parts Company (NYSE:GPC) is tomorrow, December 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $60.66 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Genuine Parts has been 1.2 million shares per day over the past 30 days. Genuine Parts has a market cap of $9.26 billion and is part of the services sector and wholesale industry. Shares are up 17.9% year to date as of the close of trading on Monday.

Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, Canada, and Mexico. The company has a P/E ratio of 17.2, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Genuine Parts as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Genuine Parts Ratings Report.

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