Fastenal Company Announces Cash Dividend
November 18 2008 - 10:36AM
PR Newswire (US)
WINONA, Minn., Nov. 18 /PRNewswire-FirstCall/ -- The Fastenal
Company of Winona, MN (NASDAQ:FAST) reported its Board of Directors
declared a special one-time dividend of $.27 per share be paid in
cash on December 15, 2008 to shareholders of record at the close of
business on December 5, 2008. The Company expects to resume its
historical practice of paying a semi-annual cash dividend in the
foreseeable future, 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. Recent activity
regarding dividends and stock repurchases are as follows: Total
Total Total value of Per share dividend dividend repurchased price
of Dividends paid paid per shares repurchased Year paid (000's)
share (000's) shares 2008 Three $117,474 $0.79 $25,955 $43.99 2007
Two $66,216 $0.44 $87,312 $41.86 2006 Two $60,548 $0.40 $17,294
$36.49 2005 Two $46,935 $0.31 $18,739 $26.75 2004 Two $30,350 $0.20
$- $- 2003 Two $15,935 $0.105 $- $- 2002 One $3,794 $0.025 $- $-
2001 One $3,415 $0.0225 $- $- * Note: The 2008 dividend paid
amounts include the impact from this Dividend announcement. The
total dividend paid amount in 2008 has been estimated using the
number of shares outstanding on September 30, 2008. The 2008 shares
repurchased information is as of September 30, 2008. All
information reflects the 2-for-1 stock splits effected in the form
of a stock dividend in each of 2002 and 2005. 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; and metals, alloys and
materials. As of October 31, 2008, Fastenal operated 2,310 stores
in the United States (all 50 states), Canada (all provinces),
Puerto Rico (multiple), Mexico (14 states), Singapore (one
location), Netherlands (one location), and China (one location)
selling to the general public. The Company operates 14 distribution
centers located in Minnesota, Indiana, Ohio, Pennsylvania, Texas,
Georgia, Washington, California, Utah, North Carolina, Kansas,
Ontario, Canada, Alberta, Canada; and Nuevo Leon, Mexico.
Additional information regarding Fastenal Company is available on
the Fastenal World Wide Web site at http://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 comparable semi-annual 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 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 2007 annual report on Form 10-K under the section
captioned "Risk Factors" and the Company's 2007 annual and 2008
quarterly reports under the section captioned "Management's
Discussion and Analysis of Financial Condition and Results of
Operations". FAST-D DATASOURCE: Fastenal CONTACT: Jean DuBois,
Executive Assistant | Investor Relations of Fastenal,
+1-507-454-5374 Web Site: http://www.fastenal.com/
Copyright
Fastenal (NASDAQ:FAST)
Historical Stock Chart
From May 2024 to Jun 2024
Fastenal (NASDAQ:FAST)
Historical Stock Chart
From Jun 2023 to Jun 2024