"Genuine Parts Stock Soars on Positive Earnings Report"
Originally Published 1 year ago — by Yahoo Finance
Genuine Parts stock surged 12% after the company reported Q1 financial results and raised its full-year profit guidance, despite a modest increase in sales and a decline in earnings per share. The boost in profit guidance instilled confidence in investors, leading to the stock's rise. Additionally, Genuine Parts' long-standing track record of paying and increasing dividends for 67 consecutive years, along with its safe dividend payout ratio, further solidified its appeal as a top dividend stock.