Fastenal Company (FAST) to Issue Quarterly Dividend of $0.24 on February 26th

Fastenal Company (NASDAQ:FAST) declared a quarterly dividend on Friday, January 16th. Investors of record on Thursday, January 29th will be given a dividend of 0.24 per share on Thursday, February 26th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, January 29th. This is a 9.1% increase from Fastenal’s previous quarterly dividend of $0.22.

Fastenal has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 26 years. Fastenal has a dividend payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Fastenal to earn $2.33 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 41.2%.

Fastenal Stock Performance

Shares of FAST stock opened at $43.73 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 4.85. Fastenal has a fifty-two week low of $35.31 and a fifty-two week high of $50.63. The company has a market capitalization of $50.20 billion, a P/E ratio of 39.75, a PEG ratio of 2.81 and a beta of 0.90. The stock has a 50 day moving average price of $41.55 and a two-hundred day moving average price of $44.46.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Tuesday, January 20th. The company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.04 billion. Fastenal had a net margin of 15.35% and a return on equity of 32.83%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. Analysts expect that Fastenal will post 2.15 earnings per share for the current year.

Fastenal Company Profile

Fastenal (NASDAQ: FAST) is a wholesale distributor of industrial and construction supplies, best known for its broad assortment of fasteners such as bolts, nuts, screws and anchors. Founded in Winona, Minnesota, Fastenal has grown from a regional supplier into a national and international distributor serving a wide range of end markets, including manufacturing, construction, maintenance, repair and operations (MRO), and government customers. The company is publicly traded and operates through a network of locally staffed branches combined with national distribution capabilities.

Product offerings extend beyond fasteners to include tools, safety and personal protective equipment, power transmission components, cutting and welding supplies, janitorial and material handling items, and other industrial consumables.