Genuine Parts Company (NYSE:GPC) will begin trading ex-dividend on September 3, 2020. The quarterly dividend payment of $ 0.79 per share is scheduled to be paid on October 1, 2020. The dividend yield based on the latest trading day closing price was 3.33 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Genuine Parts Company recently reported second quarter financial results on July 30, 2020, before market open, the Atlanta based company revealed income for the second quarter of $ 1.32 per share, from the revenue of $ 3,823.00 million. The quarterly earnings decreased 15.92 percent while revenues lowered 22.52 percent compared with the same quarter last year.
According to street consensus, GPC was expected to report 2Q20 income of $ 0.93 per share from revenue of $ 4357.64 million. The bottom line results beat street analysts by $ 0.39 or 41.94 percent, at the same time, top line results fell short of analysts by $ 534.64 million or 12.27 percent.
Stock Performance
Shares of Genuine Parts Company traded up $ 1.23 or 1.31 percent on Friday, reaching $ 94.88 with volume of 482.70 thousand shares. Genuine Parts Company has traded high as $ 94.89 and has cracked $ 93.40 on the downward trend
According to the previous trading day, closing price of $ 94.88, representing a 88.51 % increase from the 52 week low of $ 49.68 and a 13.75 % decrease over the 52 week high of $ 108.58.
The company has a market capital of $ 13.69 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals. It also distributes industrial replacement parts and related supplies, such as bearings, mechanical and electrical power transmission products, industrial automation products, hoses, hydraulic and pneumatic components, industrial and safety supplies, and material handling products for original equipment manufacturer, as well as maintenance, repair, and operation customers in equipment and machinery, food and beverage, forest product, primary metal, pulp and paper, mining, automotive, oil and gas, petrochemical, pharmaceutical, power generation, alternative energy, transportation, ports, and other industries, as well as for governments.
