Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It also offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations; and non-residential construction market, which includes general, electrical, plumbing, sheet metal, and road contractors. It also serves farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. The company distributes its products through a network of 3,209 in-market locations and 15 distribution centers. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.
Fastenal Dividend Announcement
• Fastenal announced a quarterly dividend of $0.39 per ordinary share which will be made payable on 2024-11-22. Ex dividend date: 2024-10-25
• Fastenal annual dividend for 2024 was $1.56
• Fastenal annual dividend for 2023 was $1.78
• Fastenal's trailing twelve-month (TTM) dividend yield is 2.8%
• Fastenal's payout ratio for the trailing twelve months (TTM) is 94.14%
• Fastenal's dividend growth over the last five years (2018-2023) was 2.94% year
• Fastenal's dividend growth over the last ten years (2013-2023) was 8.33% year
Fastenal Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-25 | $0.39 | quarterly | 2024-11-22 |
2024-07-26 | $0.39 | quarterly | 2024-08-23 |
2024-04-24 | $0.39 | quarterly | 2024-05-23 |
2024-01-31 | $0.39 | quarterly | 2024-02-29 |
2023-12-05 | $0.38 | quarterly | 2023-12-20 |
2023-10-25 | $0.35 | quarterly | 2023-11-24 |
2023-07-26 | $0.35 | quarterly | 2023-08-24 |
2023-04-26 | $0.35 | quarterly | 2023-05-25 |
2023-02-01 | $0.35 | quarterly | 2023-03-02 |
2022-10-26 | $0.31 | quarterly | 2022-11-23 |
2022-07-26 | $0.31 | quarterly | 2022-08-24 |
2022-04-26 | $0.31 | quarterly | 2022-05-25 |
2022-02-01 | $0.31 | quarterly | 2022-03-02 |
2021-10-25 | $0.28 | quarterly | 2021-11-23 |
2021-07-26 | $0.28 | quarterly | 2021-08-24 |
2021-04-23 | $0.28 | quarterly | 2021-05-25 |
2021-02-02 | $0.28 | quarterly | 2021-03-03 |
2020-12-01 | $0.40 | quarterly | 2020-12-22 |
2020-10-26 | $0.25 | quarterly | 2020-11-24 |
2020-07-27 | $0.25 | quarterly | 2020-08-25 |
2020-04-27 | $0.25 | quarterly | 2020-05-26 |
2020-01-30 | $0.25 | quarterly | 2020-02-28 |
2019-10-24 | $0.22 | quarterly | 2019-11-22 |
2019-07-24 | $0.22 | quarterly | 2019-08-22 |
2019-04-23 | $0.43 | quarterly | 2019-05-22 |
2019-01-30 | $0.43 | quarterly | 2019-02-27 |
2018-10-23 | $0.40 | quarterly | 2018-11-21 |
2018-07-24 | $0.40 | quarterly | 2018-08-22 |
2018-04-24 | $0.37 | quarterly | 2018-05-23 |
2018-01-30 | $0.37 | quarterly | 2018-02-27 |
2017-10-24 | $0.32 | quarterly | 2017-11-22 |
2017-07-24 | $0.32 | quarterly | 2017-08-23 |
2017-04-24 | $0.32 | quarterly | 2017-05-24 |
2017-01-30 | $0.32 | quarterly | 2017-02-28 |
2016-10-21 | $0.30 | quarterly | 2016-11-22 |
2016-07-22 | $0.30 | quarterly | 2016-08-23 |
2016-04-22 | $0.30 | quarterly | 2016-05-24 |
2016-01-27 | $0.30 | quarterly | 2016-02-26 |
2015-10-23 | $0.28 | quarterly | 2015-11-24 |
2015-07-24 | $0.28 | quarterly | 2015-08-25 |
2015-04-24 | $0.28 | quarterly | 2015-05-26 |
2015-01-28 | $0.28 | quarterly | 2015-02-27 |
2014-10-22 | $0.25 | quarterly | 2014-11-21 |
2014-07-23 | $0.25 | quarterly | 2014-08-22 |
2014-04-23 | $0.25 | quarterly | 2014-05-23 |
2014-01-29 | $0.25 | quarterly | 2014-02-28 |
2013-10-23 | $0.25 | quarterly | 2013-11-22 |
2013-07-24 | $0.25 | quarterly | 2013-08-23 |
2013-04-30 | $0.20 | quarterly | 2013-05-30 |
2013-01-30 | $0.10 | quarterly | 2013-03-01 |
Fastenal Dividend per year
Fastenal Dividend growth
Fastenal Dividend Yield
Fastenal current trailing twelve-month (TTM) dividend yield is 2.8%. Interested in purchasing Fastenal stock? Use our calculator to estimate your expected dividend yield:
Fastenal Financial Ratios
Fastenal Dividend FAQ
Other factors to consider when evaluating Fastenal as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Fastenal's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Fastenal publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Fastenal distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Fastenal are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Fastenal sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Fastenal distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Fastenal declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Fastenal's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Fastenal's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.