Dividend aristocrats make an excellent case for inclusion in your portfolio, irrespective of the underlying circumstances. To qualify as a dividend aristocrat, a stock must represent one of the S&P 500 companies and have boosted their dividend every year for at least 25 years.

“What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.”—suredividend.com. The 53 Dividend Kings, screened as of August 6, represented 8 of 11 Morningstar Sectors. Broker-targeted top-ten net-gains ranged 9.36%-31.67% topped-by PPG, and Target. By yield, Altria tops-all. Top-ten August dogs: NFG, FRT, KVUE, FTS, UBSI, BKH, NWN, CDUAF, UVV, & MO averaged 4.92% in yield.

Genuine Parts Company faced headwinds due to weak consumer demand and high interest rates in the U.S. as well as softness in Europe. Despite solid performance over the past 10 months, GPC's stock lags behind S&P, up 12.11% in comparison to 29.85% for the S&P. Despite their elevated payout ratio above their 10-year average, I continue to rate GPC a buy due to anticipated lower interest rates and upside potential.

“Dividend Aristocrats

Retail sales are a closely watched economic indicator every month. For the last year, the monthly and year-over-year (YOY) numbers have been weak at best.

While the top- and bottom-line numbers for Genuine Parts (GPC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Genuine Parts (GPC) reports lower-than-expected second-quarter results and expects overall sales growth for 2024 in the range of 1-3%, down from the previous estimated range of 3-5%.

Genuine Parts Company (NYSE:GPC ) Q2 2024 Earnings Call Transcript July 23, 2024 8:30 AM ET Company Participants Tim Walsh - Senior Director, IR Will Stengel - President and CEO Bert Nappier - EVP and CFO Conference Call Participants Bret Jordan - Jefferies Scot Ciccarelli - Truist Kate McShane - Goldman Sachs Christian Carlino - JPMorgan Greg Melich - Evercore ISI Henry Carr - UBS Securities Seth Basham - Wedbush Carolina Jolly - Gabelli Operator Good day, ladies and gentlemen. Welcome to the Genuine Parts Company Second Quarter 2024 Earnings Conference Call.

Genuine Parts (GPC) came out with quarterly earnings of $2.44 per share, missing the Zacks Consensus Estimate of $2.59 per share. This compares to earnings of $2.44 per share a year ago.

Sales of $6.0 billion, Up 0.8% Diluted EPS of $2.11, Down 13.5% Adjusted Diluted EPS of $2.44, In-line with Prior Year Revises 2024 Outlook: Revenue Growth of 1% to 3% from 3% to 5% Adjusted Diluted EPS of $9.30 to $9.50 from $9.80 to $9.95 ATLANTA, July 23, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today its results for the second quarter ended June 30, 2024. "I want to thank each of our global GPC teammates for their hard work and dedication to serving our customers," said Will Stengel, President and Chief Executive Officer.

Genuine Parts (GPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PepsiCo has an impressive range of brands including Pepsi-Cola, Lay's, Doritos, and Quaker. Genuine Parts supplies auo parts and supplies to customers in more than 10,000 locations.