By Stephen Nakrosis 
 

Fastenal Company (FAST) on Thursday said its board of directors approved a two-for-one stock split of the company's outstanding common stock.

Holders of record at the close of business on May 2 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 22, 2019.

Fastenal has 286.16 million shares outstanding, and a public float of 283.93 million.

The company's shares ended Thursday's trading with a 1.35% gain, to close at $71.08. Shares are up 35.93% since the start of the year.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

April 18, 2019 17:29 ET (21:29 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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