Market Overview

Fastenal Company Announces Cash Dividend

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Fastenal Company (NASDAQ:FAST) reported its board of directors declared a dividend of $0.22 per share to be paid in cash on November 22, 2019 to shareholders of record at the close of business on October 25, 2019. Except for share and per share information, dollar amounts are stated in millions.

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, though all 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 at that time.

In 2019, 2018, and 2017, we paid (or declared) dividends as follows:

 

 

First

 

Second

 

Third

 

Fourth

Year

Quarter

Quarter

Quarter

Quarter

2019

 

$

0.215

 

$

0.215

 

$

0.220

 

$

0.220

2018

 

$

0.185

 

$

0.185

 

$

0.200

 

$

0.200

2017

 

$

0.160

 

$

0.160

 

$

0.160

 

$

0.160

Dividend and common stock purchase activity during the last ten years:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Per

 

 

 

 

Total

 

Dividends per Share

 

Total Value of

 

Total Number

 

Share Price of

 

 

Dividend

 

Dividends

 

Regular

 

Total

 

Common Stock

 

of Shares

 

Common Stock

Year

 

Payments

 

Paid

 

Dividend

 

Dividend

 

Purchased

 

Purchased

 

Purchased

2019

 

Four (1)

 

$

498.5

 

$

0.870

 

$

0.870

 

$

 

 

$

2018

 

Four

 

$

441.9

 

$

0.770

 

$

0.770

 

$

103.0

 

4,000,000

 

$

25.75

2017

 

Four

 

$

369.1

 

$

0.640

 

$

0.640

 

$

82.6

 

3,800,000

 

$

21.72

2016

 
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