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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 dateDividend amountDividend typePay date
2024-10-25$0.39quarterly2024-11-22
2024-07-26$0.39quarterly2024-08-23
2024-04-24$0.39quarterly2024-05-23
2024-01-31$0.39quarterly2024-02-29
2023-12-05$0.38quarterly2023-12-20
2023-10-25$0.35quarterly2023-11-24
2023-07-26$0.35quarterly2023-08-24
2023-04-26$0.35quarterly2023-05-25
2023-02-01$0.35quarterly2023-03-02
2022-10-26$0.31quarterly2022-11-23
2022-07-26$0.31quarterly2022-08-24
2022-04-26$0.31quarterly2022-05-25
2022-02-01$0.31quarterly2022-03-02
2021-10-25$0.28quarterly2021-11-23
2021-07-26$0.28quarterly2021-08-24
2021-04-23$0.28quarterly2021-05-25
2021-02-02$0.28quarterly2021-03-03
2020-12-01$0.40quarterly2020-12-22
2020-10-26$0.25quarterly2020-11-24
2020-07-27$0.25quarterly2020-08-25
2020-04-27$0.25quarterly2020-05-26
2020-01-30$0.25quarterly2020-02-28
2019-10-24$0.22quarterly2019-11-22
2019-07-24$0.22quarterly2019-08-22
2019-04-23$0.43quarterly2019-05-22
2019-01-30$0.43quarterly2019-02-27
2018-10-23$0.40quarterly2018-11-21
2018-07-24$0.40quarterly2018-08-22
2018-04-24$0.37quarterly2018-05-23
2018-01-30$0.37quarterly2018-02-27
2017-10-24$0.32quarterly2017-11-22
2017-07-24$0.32quarterly2017-08-23
2017-04-24$0.32quarterly2017-05-24
2017-01-30$0.32quarterly2017-02-28
2016-10-21$0.30quarterly2016-11-22
2016-07-22$0.30quarterly2016-08-23
2016-04-22$0.30quarterly2016-05-24
2016-01-27$0.30quarterly2016-02-26
2015-10-23$0.28quarterly2015-11-24
2015-07-24$0.28quarterly2015-08-25
2015-04-24$0.28quarterly2015-05-26
2015-01-28$0.28quarterly2015-02-27
2014-10-22$0.25quarterly2014-11-21
2014-07-23$0.25quarterly2014-08-22
2014-04-23$0.25quarterly2014-05-23
2014-01-29$0.25quarterly2014-02-28
2013-10-23$0.25quarterly2013-11-22
2013-07-24$0.25quarterly2013-08-23
2013-04-30$0.20quarterly2013-05-30
2013-01-30$0.10quarterly2013-03-01

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

P/E ratio41.32
PEG ratio9.09
P/B ratio13.27
ROE33.30%
Payout ratio94.14%
Current ratio4.40
Quick ratio2.29
Cash Ratio0.39

Fastenal Dividend FAQ

How much is the next Fastenal dividend?
Fastenal's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Fastenal dividend. The next Fastenal dividend will be released in February, April, July, October, or December.
When is Fastenal dividend paid?
Fastenal pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, April, July, October, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Fastenal pay?
The specific amount of Fastenal dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Fastenal's dividend history.
Does Fastenal stock pay dividends?
Yes, Fastenal does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Fastenal's dividend history.
How much dividend does Fastenal pay?
Fastenal paid $1.56 in 2024, $1.78 in 2023, $1.24 in 2022, $1.12 in 2021, and $1.4 in 2020.
How often does Fastenal pay dividends?
Fastenal typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, April, July, October, and December.
What is Fastenal's dividend yield?
The current dividend yield for Fastenal is 2.8%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Fastenal's exact dividend yield.
When does Fastenal go ex dividend?
Fastenal's ex-dividend date for the latest dividend was on 2024-10-25. Fastenal typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Fastenal dividend paid?
Fastenal pays dividends on a quarterly basis, typically around February, April, July, October, or December, but the exact dates can vary each year.
Will Fastenal increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Fastenal will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Fastenal dividend per share?
Fastenal paid $1.56 per share in 2024 and $1.78 per share in 2023. The amount of dividend per share that Fastenal pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Fastenal a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Fastenal a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Fastenal a dividend stock?
Yes, Fastenal is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Fastenal a good dividend stock?
Whether Fastenal is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Fastenal has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Fastenal pay dividends monthly?
Fastenal typically pays dividends on a quarterly basis.
Does Fastenal pay dividends quarterly?
Fastenal currently pays dividends on a quarterly basis.
Has Fastenal ever paid a dividend?
Yes, Fastenal has a history of paying dividends to its shareholders. Fastenal is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Fastenal dividend stocks?
To buy Fastenal you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Fastenal stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Fastenal pay dividends 2024?
Fastenal pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-22. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Fastenal increase its dividend in 2024?
Decisions regarding Fastenal dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Fastenal dividend overview you can look into the above table of dividend history.
How Fastenal dividend works?
The Fastenal dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Fastenal's dividend process works:

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.
How are Fastenal dividends paid?
Fastenal dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Fastenal pay dividends?
Fastenal typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Fastenal pay dividends?
The general pattern is that Fastenal pays dividends around February, April, July, October, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Fastenal dividend safe?
The safety of Fastenal's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.