Published on 24 Feb 2024 on Simply Wall St. via Yahoo Finance

Be Sure To Check Out Genuine Parts Company (NYSE:GPC) Before It Goes Ex-Dividend

Readers hoping to buy Genuine Parts Company (NYSE:GPC) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Thus, you can purchase Genuine Parts' shares before the 29th of February in order to receive the dividend, which the company will pay on the 1st of April.

The company's next dividend payment will be US$1.00 per share, and in the last 12 months, the company paid a total of US$4.00 per share. Based on the last year's worth of payments, Genuine Parts stock has a trailing yield of around 2.7% on the current share price of US$147.88. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

Check out our latest analysis for Genuine Parts