Advance Auto Parts, Inc. (AAP) to Issue Quarterly Dividend of $0.25 on January 23rd

Advance Auto Parts, Inc. (NYSE:AAP) declared a quarterly dividend on Monday, October 27th. Shareholders of record on Friday, January 9th will be paid a dividend of 0.25 per share on Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, January 9th.

Advance Auto Parts has increased its dividend by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Advance Auto Parts has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Advance Auto Parts to earn $1.57 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 63.7%.

Advance Auto Parts Trading Up 7.1%

AAP stock opened at $41.51 on Wednesday. The business has a fifty day moving average price of $46.97 and a 200 day moving average price of $53.81. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.73 and a quick ratio of 0.88. Advance Auto Parts has a fifty-two week low of $28.89 and a fifty-two week high of $70.00. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of -6.60 and a beta of 1.14.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.18. Advance Auto Parts had a negative net margin of 4.37% and a positive return on equity of 0.64%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the firm earned ($0.04) EPS. The company’s revenue was down 5.2% on a year-over-year basis. Advance Auto Parts has set its FY 2025 guidance at 1.750-1.850 EPS. Analysts expect that Advance Auto Parts will post -0.46 EPS for the current fiscal year.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.