Company: Advance Auto Parts Inc. (AAP)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Advance Auto Parts is a leading auto parts retailer in North America with over 5,000 store and branch locations. About 60% of the firmÕs sales are geared toward the professional channel, with the remaining 40% going to the do-it-yourself market. Through its vast store footprint and distribution network, Advance manages thousands of stock-keeping units conducive to various vehicle makes and models. The retailer primarily competes on the basis of inventory availability and service speed, making the operating efficiency of its hub and spoke distribution model critical to meeting customer needs. -Morningstar.com-
Symbol: AAP
Recent Price: $59.01
Dividends: $1.00
Yield: 1.69%
Sector: Consumer Cyclical
Industry: Specialty Retail
Address & Company Phone #: 2635 East Millbrook Rd. Raleigh NC 27604, 540-362-4911
Transfer Agent: Computershare 866-234-1921
Moody’s Rating: Baa3
Minimum & Maximum Investment: $10 – $250,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share or $25
Fees: Div.: 5% of amount invested up to $5 Max Cash: $5+5¢/sh.Cert: $0 Sells: by Mail, Phone or Internet for $25+12¢/sh.
52 Week High & Low: $88.56, $47.73