Genuine Parts (NYSE:GPC) is highly regarded by income investors. It is an esteemed member of the elite group of stocks known as Dividend Kings. With 68 years of consecutive dividend hikes, the automotive, replacement, and industrial parts specialty retailer boasts one of the most commendable track records. Thus, shares rarely trade at a discount. With strong earnings growth contrasting last year’s soft share price action, the valuation has slipped to attractive levels. I have, thus, grown bullish on this quality operator.
Dividend Kings Rarely Go on Sale
Through my experience researching dividend growth stocks, I have realized that the members of an elite group of dividend stocks rarely go on sale. These tend to be high-quality companies with excellent track records of earnings and dividend growth. Accordingly, investors are usually willing to pay a premium valuation for these stocks.
This seems to hold true both for…
