Fastenal Company (FAST) To Go Ex-Dividend on January 29th

Fastenal Company (NASDAQ:FAST) declared a quarterly dividend on Friday, January 16th. Stockholders 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 dividend 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 increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 26 consecutive years. Fastenal has a payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 Trading Down 0.4%

NASDAQ FAST opened at $43.73 on Tuesday. The stock has a market capitalization of $50.20 billion, a P/E ratio of 39.75, a P/E/G ratio of 2.81 and a beta of 0.90. The business has a 50 day simple moving average of $41.55 and a 200 day simple moving average of $44.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.85 and a quick ratio of 2.41. Fastenal has a one year low of $35.31 and a one year high of $50.63.

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