GENUINE PARTS CO. $63 (New York symbol GPC; Conservative Growth Portfolio, Manufacturing sector; Shares outstanding: 155.8 million; Market cap: $9.8 billion; Price-to-sales ratio: 0.8; Dividend yield: 3.1%; TSINetwork Rating: Average; www.genpt.com) is buying Virginia-based Quaker City Motor Parts Co. This privately held company distributes auto parts to 271 NAPA retail stores in several mid-Atlantic states. The company aims to close the deal in May 2012.
Genuine Parts didn’t say how much it is paying, but Quaker City will add $300 million to its annual revenue of $12.5 billion. Owning this distributor will also make it easier for the company to increase its sales on the east coast.
As well, the company has raised its quarterly dividend by 10.0%, to $0.495 a share from $0.45. The new annual rate of $1.98 yields 3.1%.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Changes to this Policy
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