Fastenal Company Announces Cash Dividend
January 17 2012 - 5:30PM
The Fastenal Company of Winona, MN (Nasdaq:FAST) reported its Board
of Directors declared a dividend of $0.17 per share to be paid in
cash on February 29, 2012 to shareholders of record at the close of
business on February 1, 2012. The Company has paid a dividend in
every year since 1991 and began paying semi-annual dividends in
2003, (with a third 'supplemental' dividend in both 2010 and 2008).
In January 2011, our Board of Directors declared a semi-annual
dividend, and then announced quarterly dividends in April, July,
and October 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 |
|
Dividend
payments |
Total dividends paid
(000's) |
Regular
dividend |
Total
dividend |
Total value of
repurchased shares (000's) |
Per share price of
repurchased shares |
|
|
|
|
|
|
|
|
2012 |
(1) |
One |
$ 50,194 |
$ 0.17 |
$ 0.17 |
$ -- |
$ -- |
2011 |
|
Four |
$ 191,741 |
$ 0.65 |
$ 0.65 |
$ -- |
$ -- |
2010 |
(2) |
Three |
$ 182,814 |
$ 0.41 |
$ 0.62 |
$ -- |
$ -- |
2009 |
|
Two |
$ 106,943 |
$ 0.36 |
$ 0.36 |
$ 41,104 |
$ 18.69 |
2008 |
(2) |
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 |
$ -- |
$ -- |
(1) Note: The 2012 dividend payments include the impact
from this dividend announcement. The total dividend paid
amount for 2012 includes an estimate from this announcement using
the 295.3 million shares outstanding on December 31,
2011.
(2) The 2010 and 2008 Dividends include two regular payments
totaling $0.41 and $0.26 per share, respectively, plus a
supplemental dividend paid in December of each year.
All information reflects the two-for-one stock splits effected
in the form of a stock dividend in both 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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