Fastenal Company Announces Cash Dividend
January 19 2009 - 5:21PM
PR Newswire (US)
WINONA, Minn., Jan. 19 /PRNewswire-FirstCall/ -- The Fastenal
Company of Winona, MN (NASDAQ:FAST) reported its Board of Directors
declared a dividend of $.35 per share be paid in cash on February
27, 2009 to shareholders of record at the close of business on
February 16, 2009. The Company expects that it will continue to pay
a comparable 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 dividend value of
Number of Per share dividend paid repurchased shares price of
Dividends paid per shares repurchased repurchased Year paid (000's)
share (000's) (000's) shares 2008 Three $117,474 $0.79 $25,955
590.0 $43.99 2007 Two $66,216 $0.44 $87,312 1,451.8 $41.86 2006 Two
$60,548 $0.40 $17,294 634.2 $36.49 2005 Two $46,935 $0.31 $18,739
474.0 $26.75 2004 Two $30,350 $0.20 $- 700.0 $ - 2003 Two $15,935
$0.105 $- $ - 2002 One $3,794 $0.025 $- $ - 2001 One $3,415 $0.0225
$- $ - 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 November 30, 2008, Fastenal operated 2,314 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 Company 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 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/
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