Fastenal Company Announces Cash Dividend
January 17 2017 - 5:05PM
The Fastenal Company (the 'Company') of Winona, MN (Nasdaq:FAST)
reported its board of directors declared a dividend of $0.32 per
share to be paid in cash on February 28, 2017 to shareholders of
record at the close of business on February 1, 2017.
Fastenal began paying annual dividends in 1991,
semi-annual dividends in 2003, and then expanded to quarterly
dividends in 2011. Our board of directors intends to continue
paying quarterly dividends, provided that any future determination
as to payment of dividends will depend upon the financial condition
and results of operations of the Company and such other factors as
are deemed relevant by the board of directors, such as income tax
rates related to dividends.
In 2017, 2016, and 2015, we paid (or declared)
dividends as follows:
Year |
|
FirstQuarter |
|
SecondQuarter |
|
ThirdQuarter |
|
FourthQuarter |
2017 |
|
$ |
0.32 |
|
|
|
|
|
|
|
2016 |
|
$ |
0.30 |
|
|
$ |
0.30 |
|
|
$ |
0.30 |
|
|
$ |
0.30 |
|
2015 |
|
$ |
0.28 |
|
|
$ |
0.28 |
|
|
$ |
0.28 |
|
|
$ |
0.28 |
|
Dividend and stock purchase activity during the last ten
years:
|
|
|
|
|
|
|
|
|
|
|
Total Value of |
Total Number |
Per Share |
|
|
Total |
Dividends per Share |
Stock |
of Shares |
Price of |
|
Dividend |
Dividends |
Regular |
Total |
Purchased |
Purchased |
Stock |
Year |
Payments |
Paid (000's) |
Dividend |
Dividend |
(000's) |
(000's) |
Purchased |
2017 |
One (1) |
|
$ |
92,532 |
|
|
|
$ |
0.32 |
|
|
|
$ |
0.32 |
|
|
|
$ |
— |
|
|
|
— |
|
|
|
$ |
— |
|
|
2016 |
Four |
|
$ |
346,588 |
|
|
|
$ |
1.20 |
|
|
|
$ |
1.20 |
|
|
|
$ |
59,440 |
|
|
|
1,600 |
|
|
|
$ |
37.15 |
|
|
2015 |
Four |
|
$ |
327,101 |
|
|
|
$ |
1.12 |
|
|
|
$ |
1.12 |
|
|
|
$ |
292,951 |
|
|
|
7,100 |
|
|
|
$ |
41.26 |
|
|
2014 |
Four |
|
$ |
296,581 |
|
|
|
$ |
1.00 |
|
|
|
$ |
1.00 |
|
|
|
$ |
52,942 |
|
|
|
1,200 |
|
|
|
$ |
44.12 |
|
|
2013 |
Four |
|
$ |
237,456 |
|
|
|
$ |
0.80 |
|
|
|
$ |
0.80 |
|
|
|
$ |
9,080 |
|
|
|
200 |
|
|
|
$ |
45.40 |
|
|
2012 |
Five(2) |
|
$ |
367,306 |
|
|
|
$ |
0.74 |
|
|
|
$ |
1.24 |
|
|
|
$ |
— |
|
|
|
— |
|
|
|
$ |
— |
|
|
2011 |
Four |
|
$ |
191,741 |
|
|
|
$ |
0.65 |
|
|
|
$ |
0.65 |
|
|
|
$ |
— |
|
|
|
— |
|
|
|
$ |
— |
|
|
2010 |
Three(2) |
|
$ |
182,814 |
|
|
|
$ |
0.41 |
|
|
|
$ |
0.62 |
|
|
|
$ |
— |
|
|
|
— |
|
|
|
$ |
— |
|
|
2009 |
Two |
|
$ |
106,943 |
|
|
|
$ |
0.36 |
|
|
|
$ |
0.36 |
|
|
|
$ |
41,104 |
|
|
|
2,200 |
|
|
|
$ |
18.69 |
|
|
2008 |
Three(2) |
|
$ |
117,474 |
|
|
|
$ |
0.26 |
|
|
|
$ |
0.395 |
|
|
|
$ |
25,958 |
|
|
|
1,180 |
|
|
|
$ |
22.00 |
|
|
(1) The total dividends paid amount
includes the estimated impact from this announcement. The estimate
is calculated using the 289.2 million shares outstanding at
December 31, 2016.(2) There was a supplemental dividend paid
in December 2012, 2010, and 2008.
All share and per share information reflects the two-for-one
stock split in 2011.
Fastenal sells different types of industrial and
construction supplies in the following product categories: threaded
fasteners and miscellaneous supplies; tools; metal cutting tool
blades and abrasives; fluid transfer components and accessories for
hydraulic and pneumatic power; material handling; storage and
packaging products; janitorial, chemical and paint products;
electrical supplies; welding supplies; safety supplies; metals,
alloys and materials; and office supplies.
Fastenal operates approximately 2,500 stores located primarily
in North America with additional locations in Asia, Europe, Central
and South America, and Africa. The Company operates 14 distribution
centers in North America; eleven in the United States - Minnesota,
Indiana, Ohio, Pennsylvania, Texas, Georgia, Washington,
California, Utah, North Carolina, and Kansas, and three outside the
United States - Ontario, Canada; Alberta, Canada; and Nuevo Leon,
Mexico.
Additional information regarding Fastenal is
available on the Fastenal Company website at www.fastenal.com.
This press release contains statements that are
not historical in nature and that are intended to be, and are
hereby identified as, "forward looking statements" as defined in
the Private Securities Litigation Reform Act of 1995, including a
statement regarding expectations as to payment of a quarterly cash
dividend in the foreseeable future. Any future determination as to
payment of dividends will depend upon the financial condition and
results of operations of the Company and such other factors as are
deemed relevant by the board of directors. For example, a change in
business needs including working capital and funding for
acquisitions, or a change in income tax law relating to dividends,
could cause the Company to decide not to pay a dividend in the
future. A discussion of other risks and uncertainties is included
in the Company's filings with the SEC, including our most recent
annual and quarterly reports. FAST-D
CONTACT: |
Ellen Trester |
|
Financial Reporting
& Regulatory Compliance Manager |
|
507.313.7282 |
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