Fastenal Company Announces Cash Dividend
January 16 2019 - 5:05PM
Fastenal Company (Nasdaq:FAST) reported its board of directors
declared a dividend of $0.43 per share to be paid in cash on
February 27, 2019 to shareholders of record at the close of
business on January 31, 2019. Except for share and per share
information, dollar amounts are stated in millions.
Fastenal began paying annual dividends in 1991,
semi-annual dividends in 2003, and then expanded to quarterly
dividends in 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, such as income tax
rates related to dividends.
In 2019, 2018, and 2017, we paid (or declared)
dividends as follows:
Year |
|
FirstQuarter |
|
SecondQuarter |
|
ThirdQuarter |
|
FourthQuarter |
2019 |
|
$ |
0.43 |
|
|
|
|
|
|
|
2018 |
|
$ |
0.37 |
|
|
$ |
0.37 |
|
|
$ |
0.40 |
|
|
$ |
0.40 |
|
2017 |
|
$ |
0.32 |
|
|
$ |
0.32 |
|
|
$ |
0.32 |
|
|
$ |
0.32 |
|
Dividend and common stock purchase activity during the last ten
years:
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Per |
|
|
Total |
Dividends per Share |
Total Value of |
Total Number |
Share Price of |
|
Dividend |
Dividends |
Regular |
Total |
Common Stock |
of Shares |
Common Stock |
Year |
Payments |
Paid |
Dividend |
Dividend |
Purchased |
Purchased |
Purchased |
2019 |
One (1) |
|
$ |
122.9 |
|
|
|
$ |
0.43 |
|
|
|
$ |
0.43 |
|
|
|
$ |
— |
|
|
|
— |
|
|
|
$ |
— |
|
2018 |
Four |
|
$ |
441.9 |
|
|
|
$ |
1.54 |
|
|
|
$ |
1.54 |
|
|
|
$ |
103.0 |
|
|
|
2,000,000 |
|
|
|
$ |
51.50 |
|
2017 |
Four |
|
$ |
369.1 |
|
|
|
$ |
1.28 |
|
|
|
$ |
1.28 |
|
|
|
$ |
82.6 |
|
|
|
1,900,000 |
|
|
|
$ |
43.43 |
|
2016 |
Four |
|
$ |
346.6 |
|
|
|
$ |
1.20 |
|
|
|
$ |
1.20 |
|
|
|
$ |
59.5 |
|
|
|
1,600,000 |
|
|
|
$ |
37.15 |
|
2015 |
Four |
|
$ |
327.1 |
|
|
|
$ |
1.12 |
|
|
|
$ |
1.12 |
|
|
|
$ |
293.0 |
|
|
|
7,100,000 |
|
|
|
$ |
41.26 |
|
2014 |
Four |
|
$ |
296.6 |
|
|
|
$ |
1.00 |
|
|
|
$ |
1.00 |
|
|
|
$ |
52.9 |
|
|
|
1,200,000 |
|
|
|
$ |
44.12 |
|
2013 |
Four |
|
$ |
237.5 |
|
|
|
$ |
0.80 |
|
|
|
$ |
0.80 |
|
|
|
$ |
9.1 |
|
|
|
200,000 |
|
|
|
$ |
45.40 |
|
2012 |
Five(2) |
|
$ |
367.3 |
|
|
|
$ |
0.74 |
|
|
|
$ |
1.24 |
|
|
|
$ |
— |
|
|
|
— |
|
|
|
$ |
— |
|
2011 |
Four |
|
$ |
191.7 |
|
|
|
$ |
0.65 |
|
|
|
$ |
0.65 |
|
|
|
$ |
— |
|
|
|
— |
|
|
|
$ |
— |
|
2010 |
Three(2) |
|
$ |
182.8 |
|
|
|
$ |
0.41 |
|
|
|
$ |
0.62 |
|
|
|
$ |
— |
|
|
|
— |
|
|
|
$ |
— |
|
Ten Year Total |
|
|
$ |
2,883.5 |
|
|
|
$ |
9.17 |
|
|
|
$ |
9.88 |
|
|
|
$ |
600.1 |
|
|
|
14,000,000 |
|
|
|
$ |
42.86 |
|
(1) The total dividends paid amount
includes the estimated impact from this announcement. The estimate
is calculated using the 285.9 million shares outstanding at
December 31, 2018.(2) There was a supplemental dividend paid
in December 2012 and 2010.
All share and per share information reflects the two-for-one
stock split in 2011.
About Fastenal
Fastenal helps customers simplify and realize
product and process savings across their supply chain. We sell a
broad offering of products spanning more than nine major product
categories, including fasteners, safety equipment and services,
tools, and general maintenance supplies. These products are
efficiently distributed to manufacturing facilities, job sites, and
other customer locations through local service teams and
point-of-use inventory solutions, including industrial vending
technology and bin stock programs (Fastenal Managed Inventory, or
FMI®). Our distribution system centers on approximately 3,100
in-market locations (a combination of public branches and
customer-specific Onsite locations), primarily in North America but
also in Asia, Europe, and Central and South America, each providing
tailored inventory, flexible service, and custom solutions to drive
the unique goals of local customers. These in-market servicing
locations are supported by 14 regional distribution centers, a
captive logistics fleet, robust sourcing, quality and manufacturing
resources, and multiple teams of industry specialists and support
personnel - all working toward Fastenal’s common goal of Growth
Through Customer Service®.
Additional information regarding Fastenal is
available on the Fastenal Company website at www.fastenal.com.
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 income 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 filings with the SEC, including our most recent
annual and quarterly reports. FAST-D
CONTACT: |
Ellen Stolts |
|
Financial Reporting
& Regulatory Compliance Manager |
|
507.313.7282 |
Fastenal (NASDAQ:FAST)
Historical Stock Chart
From Mar 2024 to Apr 2024
Fastenal (NASDAQ:FAST)
Historical Stock Chart
From Apr 2023 to Apr 2024