Genuine Parts: 69-Year Dividend King, Time To Buy At Historic High Yield

Genuine Parts Company offers a near 4% yield, is a historic dividend king with dividend reliability, and is currently undervalued with a P/E of 14.38x versus a 17.27x norm. GPC plans to split into two independent companies—Global Automotive and Global Industrial—by Q1 2027, aiming for tax-free treatment and enhanced focus. Earnings are projected to rise 5% in 2026, 8% in 2027, and 12% in 2028, supporting capital appreciation alongside the dividend.