GENUINE PARTS CO.
Genuine Parts Co. has increased its dividend for 61 consecutive years, Johnson said. The Atlanta company produces replacement auto parts, a business that’s somewhat recession-proof. “In difficult economic times, people tend to keep their older automobiles longer and delay purchasing new cars,” he said.
GPC also has a global presence. Its stock is selling for around $93 a share, with a dividend yield of 3.09 percent, which exceeds the 2.79 percent 10-year government bond yield, Johnson said.
