6Mês·

The 70th consecutive year of dividend increases🤯

Genuine Parts is also having a hard time at the moment, but has nevertheless increased its dividend for 70 years in a row. A spin-off into two independent companies is planned: NAPA and Motion or Global Industrial. I think that's a shame... but it should improve the focus, clarity and financial performance of both companies. Let's see what happens.

A small dividend income for Poor Dad.

02.04

Genuine Parts

Recebido x70 Dividendos em US$ 1,063

US$ 74,38

2 Comentários

Silas@DynasticGrind

6Mês

There have been much bigger crises in the automotive sector than there are today. As Germans, we were spared the last big ones (especially in the 80s), but now the wind is blowing differently. I'm holding a decent load myself $GPC and think that it will go down even further. But with sufficient staying power (cars are a classic cyclical), I think there is a decent opportunity here.

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Poor Dad@PoorDad

6Mês

@DynasticGrind According to the management, this is their goal. Separate cyclical business (Global Industrual) from non-cyclical (NAPA). NAPA should be the cash flow based business, while Global has room to grow. If GPC falls too much and does not recover, there will be no spin-off for the time being. I think the share will recover.

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