January 17, 2019

Fastenal Company Increases Quarterly Dividend $FAST



  • Fastenal (NASDAQ:FAST) declares $0.43/share quarterly dividend, 7.5% increase from prior dividend of $0.40.
  • Forward yield 3.18%
  • Payable Feb. 27; for shareholders of record Jan. 31; ex-div Jan. 30.



Fastenal Company (Nasdaq:FAST) reported its board of directors declared a dividend of $0.43 per share to be paid in cash on February 27, 2019 to shareholders of record at the close of business on January 31, 2019.

Fastenal began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. Our board of directors intends to continue paying quarterly dividends, provided that any future determination as to payment of dividends will depend upon the financial condition and results of operations of the company and such other factors as are deemed relevant by the board of directors, such as income tax rates related to dividends.

For more information, visit https://investor.fastenal.com/


According to the list of U.S. Dividend Champions Fastenal Company is a Dividend Contenders. Fastenal has a 19-year dividend, raising streak.

Dividend Growth Rates
DGR
DGR
DGR
DGR
1-yr
3-yr
5-yr
10-yr
6.7
8.6
11.6
19.3




Dividend Yield Chart:

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Fastenal Co stock dividend yield is close to 10-year high.


Payout Ratio:



This is the historical payout ratio of Fastenal Co. If payout ratio is close to or higher than 100%, dividends might not be sustainable.


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