Highlight of Fastenal Dividend Declaration
- The Fastenal Company (the ‘Company’) of Winona, MN (Nasdaq:FAST) reported its board of directors declared a dividend of $0.32 per share to be paid in cash on November 22, 2017 to shareholders of record at the close of business on October 25, 2017.
- The company has 287 .4 million shares outstanding and dividend payable to each unit of shares held at US$0.32 for Q4, 2017.
- After the payment of Q4 2017 dividends, dividend paid out to date by Fastenal will amount to US$1.28. This therefore would give a forward dividend yield of 2.85 percent (%).
A little background on Fastenal: 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 approximately 2,400 branches located primarily in North America, with additional locations in Asia, Europe, Central and South America, and Africa. These local branches are supported by 14 distribution centers spanning North America: eleven in the United States (Minnesota, Indiana, Ohio, Pennsylvania, Texas, Georgia, Washington, California, Utah, North Carolina, and Kansas) and three outside the U.S. (Ontario, Canada; Alberta, Canada; and Nuevo Leon, Mexico).