Fastenal Company Announces Cash Dividend
April 11 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 May 24, 2017 to shareholders of record
at the close of business on April 26, 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 |
|
|
$ |
0.32 |
|
|
|
|
|
2016 |
|
$ |
0.30 |
|
|
$ |
0.30 |
|
|
$ |
0.30 |
|
|
$ |
0.30 |
|
2015 |
|
$ |
0.28 |
|
|
$ |
0.28 |
|
|
$ |
0.28 |
|
|
$ |
0.28 |
|
Dividend and common stock purchase activity during
the last ten years:
|
|
|
|
|
|
|
|
|
|
|
Total Value of |
Total Number |
Per Share |
|
|
Total |
Dividends per Share |
Common Stock |
of Shares |
Price of |
|
Dividend |
Dividends |
Regular |
Total |
Purchased |
Purchased |
Common Stock |
Year |
Payments |
Paid (000's) |
Dividend |
Dividend |
(000's) |
(000's) |
Purchased |
2017 |
Two (1) |
|
$ |
185,124 |
|
|
|
$ |
0.64 |
|
|
|
$ |
0.64 |
|
|
|
$ |
— |
|
|
|
— |
|
|
|
$ |
— |
|
|
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 289.3 million shares outstanding at March 31,
2017.(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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