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These 20 stocks pay you to own them

The Motley Fool Logo By Chuck Saletta of The Motley Fool | Slide 2 of 21: Best known as the company behind NAPA Auto Parts, Genuine Parts plays a key role in keeping people and businesses going. In addition to that well-known line, Genuine Parts also owns industrial parts supplier Motion Industries and office and industrial supply distributor SP Richards. In many respects, Genuine Parts is the type of company that can do okay even if the economy is slumping.After all, older cars tend to need more replacement parts than new ones do, and people are less willing to buy new cars when they’re worried about their jobs or salaries. That ability to weather typical economic difficulties has enabled Genuine Parts to increase its dividend for 63 consecutive years. With a current yield of around 3% and a payout ratio of 55% of its earnings, Genuine Parts is providing its owners both a decent current yield and reason to believe it can reach 64 years of increases.ALSO READ: Core Growth Creeps Along as Genuine Parts' Acquisitions Add Revenue

1. Genuine Parts (GPC)

Best known as the company behind NAPA Auto Parts, Genuine Parts plays a key role in keeping people and businesses going. In addition to that well-known line, Genuine Parts also owns industrial parts supplier Motion Industries and office and industrial supply distributor SP Richards. In many respects, Genuine Parts is the type of company that can do okay even if the economy is slumping.

After all, older cars tend to need more replacement parts than new ones do, and people are less willing to buy new cars when they’re worried about their jobs or salaries. That ability to weather typical economic difficulties has enabled Genuine Parts to increase its dividend for 63 consecutive years. With a current yield of around 3% and a payout ratio of 55% of its earnings, Genuine Parts is providing its owners both a decent current yield and reason to believe it can reach 64 years of increases.

ALSO READ: Core Growth Creeps Along as Genuine Parts' Acquisitions Add Revenue

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