Fastenal Company Announces Cash Dividend
July 12 2010 - 9:12PM
The Fastenal Company of Winona, MN (Nasdaq:FAST) reported its Board
of Directors declared a dividend of $.42 per share to be paid in
cash on September 3, 2010 to shareholders of record at the close of
business on August 20, 2010. 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.
Dividend and stock repurchase activity in the last ten years are
as follows:
|
|
|
|
Dividends
per share |
|
|
|
Year |
Dividends paid |
Total dividends paid
(000's) |
Regular
dividend |
Total dividend
paid |
Total value of repurchased
shares (000's) |
Per share price of
repurchased shares |
|
|
|
|
|
|
|
|
|
2010 |
(1) |
Two |
$ 120,893 |
$ 0.82 |
$ 0.82 |
|
$ -- |
$ -- |
2009 |
|
Two |
$ 106,943 |
$ 0.72 |
$ 0.72 |
|
$ 41,104 |
$ 37.37 |
2008 |
|
Three |
$ 117,474 |
$ 0.52 |
$ 0.79 |
(2) |
$ 25,958 |
$ 43.99 |
2007 |
|
Two |
$ 66,216 |
$ 0.44 |
$ 0.44 |
|
$ 87,312 |
$ 41.86 |
2006 |
|
Two |
$ 60,548 |
$ 0.40 |
$ 0.40 |
|
$ 17,294 |
$ 36.49 |
2005 |
|
Two |
$ 46,935 |
$ 0.31 |
$ 0.31 |
|
$ 18,739 |
$ 26.75 |
2004 |
|
Two |
$ 30,350 |
$ 0.20 |
$ 0.20 |
|
$ -- |
$ -- |
2003 |
|
Two |
$ 15,935 |
$ 0.105 |
$ 0.105 |
|
$ -- |
$ -- |
2002 |
|
One |
$ 3,794 |
$ 0.025 |
$ 0.025 |
|
$ -- |
$ -- |
2001 |
|
One |
$ 3,415 |
$ 0.0225 |
$ 0.0225 |
|
$ -- |
$ -- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Note: The 2010
dividend paid amounts include the impact from this dividend
announcement. The total dividend paid amount in 2010 has been
estimated using the number of shares outstanding on June 30, 2010.
The 2010 shares repurchased information is as of June 30,
2010. |
|
(2) The 2008 Dividend
includes two regular payments totaling $0.52 per share and a
supplemental dividend paid in December of $0.27 per share. |
|
|
All information reflects the
2-for-1 stock splits effected in the form of a stock dividend in
each of 2002 and 2005. |
|
|
|
|
|
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|
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 June 30, 2010, Fastenal operated 2,407 stores in the
United States (all 50 states), Canada (all provinces), Puerto Rico
(multiple), Mexico (17 states), Singapore (one location), The
Netherlands (one location), China (three locations), Hungary (one
location), Malaysia (two locations), Panama (one location), and the
United Kingdom (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
www.fastenal.com.
The Fastenal Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6432
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 2009 annual report on Form 10-K under the section
captioned "Risk Factors" and the Company's 2009 annual and 2010
quarterly reports under the section captioned "Management's
Discussion and Analysis of Financial Condition and Results of
Operations". FAST-D
CONTACT: Fastenal Company
Dan Florness, EVP and Chief Financial Officer
507.454.5374
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