Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Genuine Parts Company (NYSE: GPC) is tomorrow, September 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $62.69 as of 9:30 a.m. ET, the dividend yield is 3.1%. The average volume for Genuine Parts has been 917,000 shares per day over the past 30 days. Genuine Parts has a market cap of $9.8 billion and is part of the services sector and wholesale industry. Shares are up 3.2% year to date as of the close of trading on Friday. 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 16.5, 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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