Fastenal Company Announces Cash Dividend
July 11 2011 - 5:15PM
The Fastenal Company of Winona, MN (Nasdaq:FAST) reported its Board
of Directors declared a dividend of $0.13 per share to be paid in
cash on August 22, 2011 to shareholders of record at the close of
business on July 25, 2011. The Company has paid semi-annual
dividends since 2003 (with a third 'supplemental' dividend in both
2010 and 2008). Our Board of Directors declared a semi-annual
dividend in January 2011 and then switched to a quarterly dividend
in April 2011. Our Board of Directors intends to continue paying
quarterly dividends, 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 |
|
|
|
|
|
|
|
|
2011 |
(1) |
Three |
$ 150,410 |
$ 0.51 |
$ 0.51 |
$ -- |
$ -- |
2010 |
(2) |
Three |
$ 182,814 |
$ 0.41 |
$ 0.62 |
$ -- |
$ -- |
2009 |
|
Two |
$ 106,943 |
$ 0.36 |
$ 0.36 |
$ 41,104 |
$ 18.69 |
2008 |
(3) |
Three |
$ 117,474 |
$ 0.26 |
$ 0.395 |
$ 25,958 |
$ 22.00 |
2007 |
|
Two |
$ 66,216 |
$ 0.22 |
$ 0.22 |
$ 87,312 |
$ 20.93 |
2006 |
|
Two |
$ 60,548 |
$ 0.20 |
$ 0.20 |
$ 17,294 |
$ 18.25 |
2005 |
|
Two |
$ 46,935 |
$ 0.155 |
$ 0.155 |
$ 18,739 |
$ 13.38 |
2004 |
|
Two |
$ 30,350 |
$ 0.10 |
$ 0.10 |
$ -- |
$ -- |
2003 |
|
Two |
$ 15,935 |
$ 0.053 |
$ 0.053 |
$ -- |
$ -- |
2002 |
|
One |
$ 3,794 |
$ 0.013 |
$ 0.013 |
$ -- |
$ -- |
(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 in the first
($0.25 per share) and second ($0.13 per share) quarters, and an
estimate from this announcement using the number of shares
outstanding on June 30, 2011. The 2011 shares repurchased
information is as of June 30, 2011.
(2) The 2010 Dividend includes two regular payments
totaling $0.41 per share and a supplemental dividend paid in
December of $0.21 per share.
(3) The 2008 Dividend includes two regular payments
totaling $0.26 per share and a supplemental dividend paid in
December of $0.135 per share.
All information reflects the two-for-one stock splits effected
in the form of a stock dividend in each of 2002, 2005, and
2011.
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.
Additional information regarding Fastenal 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 quarterly 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: Sheryl Lisowski, Controller
507.453.8550
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