Fastenal Company (NASDAQ:FAST) Shareholders to Get $0.26 Quarterly Dividend

Fastenal Company (NASDAQ:FAST) announced a quarterly dividend on Tuesday, October 13th. Shareholders of record on Wednesday, October 28th will be paid a dividend of $0.26 per share on Wednesday, November 25th. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, October 28th.

Fastenal has a dividend payout ratio of 86.7% meaning 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 $1.39 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 74.8%.

Fastenal Stock Performance

FAST opened at $51.43 on Wednesday. The company has a current ratio of 4.18, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is $50.33 and its two-hundred day moving average price is $47.41. Fastenal has a 1-year low of $38.97 and a 1-year high of $52.92. The company has a market cap of $59.02 billion, a price-to-earnings ratio of 43.59, a PEG ratio of 3.20 and a beta of 0.69.

Fastenal (NASDAQ:FAST) last released its quarterly earnings results on Tuesday, July 14th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. Fastenal had a return on equity of 34.03% and a net margin of 15.45%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the business earned $0.29 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, analysts expect that Fastenal will post 1.26 EPS for the current fiscal year.

About Fastenal

Fastenal Company is a distributor of industrial and construction supplies serving businesses, contractors, manufacturers and other organizations. Its product offerings include fasteners such as bolts, nuts and screws, as well as safety equipment, tools, cutting tools, material-handling products, electrical and plumbing supplies, and maintenance and repair items.

The company sells products through a network of branch locations, onsite customer facilities, industrial vending machines and digital platforms.