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

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.

TheStreet Ratings rates Genuine Parts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. 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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