Genuine Parts Company (NYSE:GPC) is recognized as one of the 10 Best Dividend Stocks to Buy and Hold Forever. The company operates over 10,700 locations globally, specializing in automotive and industrial parts, and is expanding into electric vehicle services. GPC has a 69-year dividend growth streak, paying $1.03 per share quarterly with a 3.20% yield.

With a focus on automotive and industrial segments, Genuine Parts Company (NYSE:GPC) benefits from consistent demand and is expanding into new areas like electric vehicle parts and commercial fleet services. The company has increased its dividend by an average of 5% annually over the past decade, showcasing long-term growth potential.

While Genuine Parts Company (NYSE:GPC) presents investment opportunities, there are AI stocks with greater upside potential and lower downside risk. For those interested in undervalued AI stocks with growth potential, consider exploring the best short-term AI stock. Check out 10 Best Shipping Stocks with Dividends and 10 Best and Safe Dividend Stocks to Buy Now for more investment options.

Disclosure: None.

Read more at Yahoo Finance: Looking for Stability? Genuine Parts Company (GPC) Could Be a Smart Buy and Hold Choice