10 Best Dividend Stocks To Buy and Hold Forever

6. Genuine Parts Company (NYSE:GPC)

Number of Hedge Fund Holders: 41

Genuine Parts Company (NYSE:GPC) runs several distribution and retail brands that specialize in automotive and industrial parts and components. Together, the company operates more than 10,700 locations around the world, including distribution centers, service centers, and retail outlets.

Its two main business segments, automotive and industrial, benefit from consistent demand. Genuine Parts Company (NYSE:GPC) is also expanding into fast-growing areas such as electric vehicle parts and services for commercial fleets. With a strong international presence and continued investment in digital infrastructure and research and development, Genuine Parts is well-positioned for long-term growth.

Over the past ten years, Genuine Parts Company (NYSE:GPC) has increased its dividend by an average of about 5% annually, suggesting a similar pace of growth may continue. The company holds one of the longest dividend growth streaks in the market, spanning 69 years. Currently, it pays a quarterly dividend of $1.03 per share and has a dividend yield of 3.20%, as of July 31.