Fastenal Company Announces Two-For-One Stock Split
April 19 2011 - 10:55AM
The Fastenal Company of Winona, MN (Nasdaq:FAST) announced today
that its board of directors approved a two-for-one stock split of
the Company's outstanding common stock.
Holders of the Company's common stock of record at the close of
business on May 2, 2011, will receive one additional share of
common stock for every share of common stock they own. The stock
split will take effect at the close of business on May 20,
2011. As of today, there are 147,430,712 shares of the
Company's common stock outstanding. After the split, assuming
no additional shares are issued in the interim, this will become
294,861,424.
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 over 2,500 stores located primarily in North
America with additional locations in Asia, Europe, and Central
America. The Company operates eleven distribution centers 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 Company is available
on the Fastenal Company World Wide Web site at
www.fastenal.com. FAST-G
The Fastenal Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6432
CONTACT: Dan Florness, EVP and Chief Financial Officer
507.454.5374
Fastenal (NASDAQ:FAST)
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