UK Markets closed
  • FTSE 100

    7,043.61
    +80.28 (+1.15%)
     
  • FTSE 250

    22,336.10
    +266.79 (+1.21%)
     
  • AIM

    1,236.38
    +11.54 (+0.94%)
     
  • GBP/EUR

    1.1602
    -0.0025 (-0.21%)
     
  • GBP/USD

    1.4102
    +0.0050 (+0.3582%)
     
  • BTC-GBP

    35,051.16
    +925.58 (+2.71%)
     
  • CMC Crypto 200

    1,398.33
    +39.77 (+2.93%)
     
  • S&P 500

    4,173.85
    +61.35 (+1.49%)
     
  • DOW

    34,382.13
    +360.68 (+1.06%)
     
  • CRUDE OIL

    65.51
    +1.69 (+2.65%)
     
  • GOLD FUTURES

    1,844.00
    +20.00 (+1.10%)
     
  • NIKKEI 225

    28,084.47
    +636.46 (+2.32%)
     
  • HANG SENG

    28,027.57
    +308.90 (+1.11%)
     
  • DAX

    15,416.64
    +216.96 (+1.43%)
     
  • CAC 40

    6,385.14
    +96.81 (+1.54%)
     

Fastenal Company Announces Cash Dividend

  • Oops!
    Something went wrong.
    Please try again later.
·4-min read
  • Oops!
    Something went wrong.
    Please try again later.

Fastenal Company (Nasdaq:FAST) reported its board of directors declared a dividend of $0.28 per share to be paid in cash on May 25, 2021 to shareholders of record at the close of business on April 26, 2021. 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. In addition to these regular dividend payments, Fastenal has previously paid special one-time dividends in December 2008, December 2012, and December 2020. Our board of directors currently 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 2021, 2020, and 2019, we paid (or declared) dividends as follows:

Year

First
Quarter

Second
Quarter

Third
Quarter

Fourth
Quarter

Sub-Total
(Regular)

Fourth
Quarter
(Special)

Total

2021

$

0.280

$

0.280

2020

$

0.250

$

0.250

$

0.250

$

0.250

$

1.000

$

0.400

$

1.400

2019

$

0.215

$

0.215

$

0.220

$

0.220

$

0.870

$

0.000

$

0.870

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

Special

Total

Common Stock

of Shares

Common Stock

Year

Payments

Paid

Dividend

Dividend

Dividend

Purchased

Purchased

Purchased

2021

Two (1)

$

321.6

$

0.56

$

$

0.56

$

$

2020

Five (2)

$

803.4

$

1.00

$

0.40

$

1.40

$

52.0

1,600,000

$

32.54

2019

Four

$

498.6

$

0.87

$

$

0.87

$

$

2018

Four

$

441.9

$

0.77

$

$

0.77

$

103.0

4,000,000

$

25.75

2017

Four

$

369.1

$

0.64

$

$

0.64

$

82.6

3,800,000

$

21.72

2016

Four

$

346.6

$

0.60

$

$

0.60

$

59.5

3,200,000

$

18.58

2015

Four

$

327.1

$

0.56

$

$

0.56

$

293.0

14,200,000

$

20.63

2014

Four

$

296.6

$

0.50

$

$

0.50

$

52.9

2,400,000

$

22.06

2013

Four

$

237.5

$

0.40

$

$

0.40

$

9.1

400,000

$

22.70

2012

Five (2)

$

367.3

$

0.37

$

0.25

$

0.62

$

$

Ten Year Total

$

4,009.7

$

6.27

$

0.65

$

6.92

$

652.1

29,600,000

$

22.03

(1) The Total Dividends Paid amount includes the estimated impact from this announcement. The estimate is calculated using the 574.4 million shares outstanding at March 31, 2021.

(2) There was a supplemental dividend paid in December 2012 and December 2020.

All share and per share information reflects the two-for-one stock split in 2019.

About Fastenal

Fastenal helps customers simplify and realize product and process savings across their supply chain. We sell a broad offering of products spanning more than nine major product lines – from fasteners and tools to safety and janitorial supplies. These products are efficiently distributed to manufacturing facilities, job sites, and other customer locations through local service teams and point-of-use FMI® (Fastenal Managed Inventory) solutions, including industrial vending technology and bin stock programs. Our distribution system supports over 3,200 in-market locations (a combination of branches and customer-specific Onsite locations), primarily in North America but also in Asia, Europe, and Central and South America, each providing tailored inventory, flexible service, and custom solutions to drive the unique goals of local customers. These in-market servicing locations are supported by sixteen regional distribution centers, a captive logistics fleet, robust sourcing, quality and manufacturing resources, and multiple teams of industry specialists and support personnel – all working toward Fastenal’s common goal of Growth Through Customer Service®.

Additional information regarding Fastenal is available on the Fastenal Company website at www.fastenal.com.

This press release contains statements that are not historical in nature and that are intended to be, and are hereby identified as, "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995, including a statement regarding expectations as to payment of a quarterly cash dividend in the foreseeable future. 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. For example, a change in business needs including working capital and funding for acquisitions, or a change in income tax law relating to dividends, could cause the company to decide not to pay a dividend in the future. A discussion of other risks and uncertainties is included in the company's filings with the SEC, including our most recent annual and quarterly reports. FAST-D

View source version on businesswire.com: https://www.businesswire.com/news/home/20210412005891/en/

Contacts

Ellen Stolts
Director of Accounting - Reporting and Reconciliation
507.313.7282