Fastenal Company Announces Cash Dividend

Rhea-AI Summary

Fastenal Company (Nasdaq:FAST) has declared a quarterly dividend of $0.28 per share, payable on May 25, 2021, to shareholders on record as of April 26, 2021. This marks the continuation of Fastenal's dividend payments, which began in 1991 and transitioned to quarterly payments in 2011. The company has also issued special one-time dividends in the past. Future dividends will rely on financial conditions and decisions made by the board, with an intention to maintain regular payments.

Positive

• Declared quarterly dividend of $0.28 per share.
• History of dividend payments established since 1991.
• Transitioned to quarterly dividends since 2011, indicating financial stability.

Negative

• None.

Fastenal Company (Nasdaq:FAST) reported its board of directors declared a dividend of $0.28 per share to be paid in cash on May 25, 2021 to shareholders of record at the close of business on April 26, 2021. 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. In addition to these regular dividend payments, Fastenal has previously paid special one-time dividends in December 2008, December 2012, and December 2020. Our board of directors currently intends to continue paying quarterly dividends, though all 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 at that time.

In 2021, 2020, and 2019, we paid (or declared) dividends as follows:

Year		First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Sub-Total (Regular)			Fourth Quarter (Special)			Total
2021		$	0.280		$	0.280
2020		$	0.250		$	0.250		$	0.250		$	0.250		$	1.000		$	0.400		$	1.400
2019		$	0.215		$	0.215		$	0.220		$	0.220		$	0.870		$	0.000		$	0.870

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			Special			Total			Common Stock			of Shares		Common Stock
Year		Payments		Paid			Dividend			Dividend			Dividend			Purchased			Purchased		Purchased
2021		Two (1)		$	321.6		$	0.56		$	—		$	0.56		$	—		—		$	—
2020		Five (2)		$	803.4		$	1.00		$	0.40		$	1.40		$	52.0		1,600,000		$	32.54
2019		Four		$	498.6		$	0.87		$	—		$	0.87		$	—		—		$	—
2018		Four		$	441.9		$	0.77		$	—		$	0.77		$	103.0		4,000,000		$	25.75
2017		Four		$	369.1		$	0.64		$	—		$	0.64		$	82.6		3,800,000

FAQ

What is the dividend amount declared by Fastenal in 2021?

Fastenal declared a dividend of $0.28 per share in 2021.

When will Fastenal pay its declared dividend?

The declared dividend will be paid on May 25, 2021.

What is the record date for Fastenal's dividend payment?

The record date for the dividend payment is April 26, 2021.

How often does Fastenal pay dividends?

Fastenal pays dividends quarterly.

Has Fastenal paid special dividends in the past?

Yes, Fastenal has issued special one-time dividends in December 2008, December 2012, and December 2020.

What factors affect Fastenal's future dividend payments?

Future dividend payments depend on the company's financial condition and other relevant factors evaluated by the board of directors.