Tariffs both help and hurt each of these firms

Article Excerpt

New U.S. tariffs on imported cars and auto parts are good news for these two firms that specialize in the repair and maintenance of older vehicles. At the same time, tariffs could increase their costs. We expect both will continue to raise your dividends—as they have for many years. Note—we still prefer Genuine Parts for your new buying. GENUINE PARTS CO. $126 is a buy. The company (New York symbol GPC; Income-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 138.8 million; Market cap: $17.5 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Above Average; www.genpt.com) is a leading seller of replacement auto parts. It also distributes industrial products like bearings, pumps and hoses. Genuine operates roughly 10,800 locations in 17 countries as of March 31, 2025. It generates 74% of its revenue in North America, 16% in Europe, and 10% in Australia/New Zealand. The company has two operating segments: Automotive Parts Group (62% of revenue) and Industrial Parts Group (38%). With the April 2025 payment, Genuine raised your…