It’s no secret that 3M’s going through some tough times. But it’s cheap. 3M used to be a magical stock. The company delivered double-digit shareholder returns while growing its dividend every year, all fueled by its recession-proof business model. However, things have taken a turn for the worse as the stock has fallen (47.4%) over …
Key Points: View 3M’s full Q2 earnings results >>> 3M’s Earnings Results: 3M Company’s shares hit a 52-week high after reporting strong quarterly results: 3M reported adjusted revenue of $6.26 billion, beating analysts’ estimates of $5.83 billion by 7.3%. The company also reported adjusted EPS of $1.93 per share, beating analysts’ estimates of $1.68 by …
GPC has one of the strongest dividend track records of all public stocks. Genuine Parts Company (GPC) has grown its dividend for 68 consecutive years and has paid dividends every year since it went public in 1948 (a total of 76 consecutive years). This makes GPC one of only 53 “Dividend Kings” today, which are …
Key Points: View GPC’s full Q2 earnings results >>> GPC’s Earnings Results: Genuine Parts Company lowered its full-year outlook due to decreased sales growth expectations, which were exacerbated by high interest rates and higher living costs. Newly appointed CEO Will Stengel said the results reflected “softer-than-expected market conditions.” GPC now expects 1-3% sales growth for …
Amazon’s story began in 1994 when Jeff Bezos had a simple yet ambitious idea: an online marketplace for books. Over the course of decades, Amazon grew from selling books to operating successful business units across many industries. What’s most important about this remarkable journey is that while Amazon’s team has done the hard work of …
Genuine Parts Company (GPC) is an old-time dividend favorite. But are its best days in the past? GPC has increased its dividend payments to investors for a whopping 68 consecutive years. While GPC has one of the best track records among dividend stocks, it’s still not immune to setbacks. Over the past 12 months, GPC’s …
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