Death-Defying Dividend Stocks: Genuine Parts Co. (GPC)
Dividend Yield: 2.53%
One of my favorite boring companies also makes our list of the best dividend stocks for retirees. Genuine Parts Co. (GPC) is a name you may not know … but you have probably heard of its 1,100 Napa Auto Part stores.
I love auto parts companies because there are zillions of cars on the road, all of which age, need maintenance and therefore need parts. There’s an endless supply … kind of like coffee drinkers and smokers.
Plus, GPC has a lot to like that specific to the world of dividend stocks. Its payout is solid as a rock, yielding over 2.5%, and rarely does that amount exceed 50% of free cash flow.
As of this writing, Lawrence Meyers did not hold a position in any of the aforementioned securities. Alas, he sold his Coke stock in 1999.