When your vehicle breaks down, the fix usually involves some new parts, and many of the parts used to repair cars throughout North America are sold by automotive repair distribution giant Genuine Parts (NYSE:GPC). The company operates the wildly successful NAPA brand automotive retail stores, but it’s not just retail sales that keep the engine purring at Genuine Parts. The company also provides parts and accessories to industrial dealers such as those in the commercial truck, farming and industrial areas.
Genuine Parts is like many low-profile firms in that you might not recognize the name, but you’ve probably done business with it if you’ve ever had to repair your vehicle.
For income investors, GPC shares have been keeping the fiscal motor running since 1948, paying dividends ever since. The annual dividend yield on this diva is 3.2%, which puts it right up there with the big boys on this list. Like Cintas, GPC shares also offer some outstanding upside — the stock has driven higher by nearly 53% during the past two years.