Fastenal Company Announces Cash Dividend
April 11 2011 - 5:15PM
The Fastenal Company of Winona, MN (Nasdaq:FAST) reported its Board
of Directors declared a dividend of $0.26 per share to be paid in
cash on April 28, 2011 to shareholders of record at the close of
business on April 12, 2011. The Company has paid semi-annual
dividends since 2003 (with a third 'supplemental' dividend in both
2010 and 2008). The Company expects that it will begin paying
a quarterly 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 |
Total value |
|
|
|
|
Total |
|
|
of |
Per share |
|
|
|
dividends |
|
Total |
repurchased |
price of |
|
|
Dividends |
paid |
Regular |
dividend |
shares |
repurchased |
Year |
|
paid |
(000's) |
dividend |
paid |
(000's) |
shares |
|
|
|
|
|
|
|
|
2011 |
(1) |
Two |
$ 112,047 |
$ 0.76 |
$ 0.76 |
$ -- |
$ -- |
2010 |
(2) |
Three |
$ 182,814 |
$ 0.82 |
$ 1.24 |
$ -- |
$ -- |
2009 |
|
Two |
$ 106,943 |
$ 0.72 |
$ 0.72 |
$ 41,104 |
$ 37.37 |
2008 |
(3) |
Three |
$ 117,474 |
$ 0.52 |
$ 0.79 |
$ 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 |
$ -- |
$ -- |
|
|
|
|
|
|
|
|
(1) Note: The 2011
dividend paid amounts include the impact from this dividend
announcement. The total dividend paid amount for 2011 includes
amounts previously paid and an estimate from this announcement
using the number of shares outstanding on March 31, 2011. The
2011 shares repurchased information is as of March 31, 2011. |
(2) The 2010 Dividend
includes two regular payments totaling $0.82 per share and a
supplemental dividend paid in December of $0.42 per share. |
(3) 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
two-for-one 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.
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 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 2010 annual report on Form 10-K under the section
captioned "Risk Factors" and the Company's 2010 annual and 2011
quarterly reports under the section captioned "Management's
Discussion and Analysis of Financial Condition and Results of
Operations." FAST-D
CONTACT: Dan Florness, EVP and Chief Financial Officer
507.454.5374
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