Fastenal Company Announces Cash Dividend
Fastenal Company (Nasdaq:FAST) has announced a cash dividend of $0.39 per share, payable on November 22, 2024 to shareholders of record as of October 25, 2024. The company has a history of paying dividends since 1991, evolving from annual to quarterly payments in 2011. Fastenal's board intends to continue quarterly dividends, subject to financial conditions and other factors.
The press release provides a detailed breakdown of Fastenal's dividend history, including regular and special dividends from 2022 to 2024. It also presents a 10-year overview of dividend payments and stock repurchase activities. In 2024, Fastenal projects to pay a total of $1.56 per share in regular dividends. The company did not repurchase any common stock in the third quarter of 2024 and has authority to purchase up to 6,200,000 additional shares under its current authorization.
Fastenal Company (Nasdaq:FAST) ha annunciato un dividendo in contante di 0,39 $ per azione, che sarà pagato il 22 novembre 2024 agli azionisti registrati al 25 ottobre 2024. L'azienda ha una storia di pagamento dei dividendi dal 1991, evolvendosi da pagamenti annuali a trimestrali nel 2011. Il consiglio di Fastenal intende continuare a distribuire dividendi trimestrali, subordinatamente a condizioni finanziarie e ad altri fattori.
Il comunicato stampa fornisce un'analisi dettagliata della storia dei dividendi di Fastenal, inclusi i dividendi regolari e speciali dal 2022 al 2024. Presenta inoltre una panoramica dei pagamenti dei dividendi e delle attività di riacquisto di azioni negli ultimi 10 anni. Nel 2024, Fastenal prevede di pagare un totale di 1,56 $ per azione in dividendi regolari. L'azienda non ha riacquistato azioni ordinarie nel terzo trimestre del 2024 e ha l'autorità di acquistare fino a 6.200.000 azioni aggiuntive secondo l'attuale autorizzazione.
Fastenal Company (Nasdaq:FAST) ha anunciado un dividendo en efectivo de $0.39 por acción, que se pagará el 22 de noviembre de 2024 a los accionistas registrados al 25 de octubre de 2024. La compañía tiene una historia de pago de dividendos desde 1991, evolucionando de pagos anuales a trimestrales en 2011. La junta de Fastenal tiene la intención de continuar con los dividendos trimestrales, sujeto a condiciones financieras y otros factores.
El comunicado de prensa proporciona un desglose detallado de la historia de dividendos de Fastenal, incluidos los dividendos regulares y especiales desde 2022 hasta 2024. También presenta una visión general de diez años de pagos de dividendos y actividades de recompra de acciones. En 2024, Fastenal proyecta pagar un total de $1.56 por acción en dividendos regulares. La empresa no recompró acciones ordinarias en el tercer trimestre de 2024 y tiene la autoridad para comprar hasta 6,200,000 acciones adicionales bajo su autorización actual.
패스트날 컴퍼니 (Nasdaq:FAST)는 주당 $0.39 현금 배당금을 발표했으며, 2024년 11월 22일에 2024년 10월 25일 기준 주주에게 지급될 예정입니다. 이 회사는 1991년부터 배당금을 지급해 왔으며, 2011년부터 연례 배당에서 분기 배당으로 변경되었습니다. 패스트날 이사회는 재무 조건과 기타 요인에 따라 분기 배당금을 계속 지급할 계획입니다.
보도자료는 2022년부터 2024년까지 패스트날의 배당금 역사에 대한 자세한 분석을 제공합니다. 또한 10년 간의 배당 지급 및 자사주 매입 활동에 대한 개요를 제시합니다. 2024년에는 패스트날이 주당 $1.56의 정기 배당금을 지급할 것으로 예상하고 있습니다. 이 회사는 2024년 3분기에 보통주를 재매입하지 않았으며, 현재 승인된 한도 내에서 최대 6,200,000주를 추가 구매할 수 있는 권한이 있습니다.
Fastenal Company (Nasdaq:FAST) a annoncé un dividende en espèces de 0,39 $ par action, payable le 22 novembre 2024 aux actionnaires inscrits au 25 octobre 2024. L'entreprise a une histoire de paiement de dividendes depuis 1991, évoluant de paiements annuels à trimestriels en 2011. Le conseil d'administration de Fastenal prévoit de continuer les dividendes trimestriels, sous réserve des conditions financières et d'autres facteurs.
Le communiqué de presse fournit une répartition détaillée de l'historique des dividendes de Fastenal, y compris les dividendes réguliers et spéciaux de 2022 à 2024. Il présente également un aperçu de 10 ans des paiements de dividendes et des activités de rachat d'actions. En 2024, Fastenal prévoit de verser un total de 1,56 $ par action en dividendes réguliers. L'entreprise n'a pas racheté d'actions ordinaires au troisième trimestre de 2024 et a l'autorisation d'acheter jusqu'à 6 200 000 actions supplémentaires dans le cadre de son autorisation actuelle.
Die Fastenal Company (Nasdaq:FAST) hat eine Bardividende von 0,39 $ pro Aktie angekündigt, die am 22. November 2024 an die zum 25. Oktober 2024 registrierten Aktionäre ausgezahlt wird. Das Unternehmen hat eine Geschichte der Dividendenauszahlungen seit 1991 und hat sich 2011 von jährlichen zu vierteljährlichen Zahlungen entwickelt. Der Vorstand von Fastenal beabsichtigt, die vierteljährlichen Dividenden fortzusetzen, vorbehaltlich finanzieller Bedingungen und anderer Faktoren.
Die Pressemitteilung enthält eine detaillierte Aufschlüsselung der Dividendenhistorie von Fastenal, einschließlich regelmäßiger und spezieller Dividenden von 2022 bis 2024. Sie bietet auch einen 10-Jahres-Überblick über Dividendenzahlungen und Aktienrückkäufe. Im Jahr 2024 plant Fastenal, insgesamt 1,56 $ pro Aktie an regulären Dividenden auszuzahlen. Das Unternehmen hat im dritten Quartal 2024 keine Stammaktien zurückgekauft und hat die Autorität, bis zu 6.200.000 zusätzliche Aktien unter seiner aktuellen Genehmigung zu kaufen.
- Consistent quarterly dividend payments since 2011
- Increased regular dividend from $1.40 per share in 2023 to $1.56 per share in 2024
- Total dividends paid over the last ten years amount to $6,051.8 million
- Authority to purchase up to 6,200,000 additional shares of common stock
- None.
We 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, we have previously paid special one-time dividends in December 2008, December 2012, December 2020, and December 2023. 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 Fastenal and such other factors as are deemed relevant by the board of directors at that time.
In 2024, 2023, and 2022, we paid (or declared) dividends as follows:
Year |
|
First Quarter |
|
Second Quarter |
|
Third Quarter |
|
Fourth Quarter |
|
Sub-Total (Regular) |
Fourth Quarter (Special) |
|
Total |
||||||||
2024 |
|
$ |
0.39 |
|
$ |
0.39 |
|
$ |
0.39 |
|
$ |
0.39 |
|
$ |
1.56 |
|
|
|
|||
2023 |
|
$ |
0.35 |
|
$ |
0.35 |
|
$ |
0.35 |
|
$ |
0.35 |
|
$ |
1.40 |
$ |
0.38 |
|
$ |
1.78 |
|
2022 |
|
$ |
0.31 |
|
$ |
0.31 |
|
$ |
0.31 |
|
$ |
0.31 |
|
$ |
1.24 |
$ |
0.00 |
|
$ |
1.24 |
|
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 |
||||||||||
2024 |
Four (1) |
$ |
893.3 |
$ |
1.56 |
|
$ |
— |
|
$ |
1.56 |
|
$ |
— |
|
— |
$ |
— |
|||
2023 |
Five (2) |
$ |
1,016.8 |
$ |
1.40 |
|
$ |
0.38 |
|
$ |
1.78 |
|
$ |
— |
|
— |
$ |
— |
|||
2022 |
Four |
$ |
711.3 |
$ |
1.24 |
|
$ |
— |
|
$ |
1.24 |
|
$ |
237.8 |
|
5,000,000 |
$ |
47.58 |
|||
2021 |
Four |
$ |
643.7 |
$ |
1.12 |
|
$ |
— |
|
$ |
1.12 |
|
$ |
— |
|
— |
$ |
— |
|||
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 |
$ |
21.72 |
|||
2016 |
Four |
$ |
346.6 |
$ |
0.60 |
|
$ |
— |
|
$ |
0.60 |
|
$ |
59.5 |
|
3,200,000 |
$ |
18.58 |
|||
2015 |
Four |
$ |
327.1 |
$ |
0.56 |
|
$ |
— |
|
$ |
0.56 |
|
$ |
293.0 |
|
14,200,000 |
$ |
20.63 |
|||
Ten Year Total |
|
$ |
6,051.8 |
$ |
9.76 |
|
$ |
0.78 |
|
$ |
10.54 |
|
$ |
827.9 |
|
31,800,000 |
$ |
26.03 |
|||
(1) |
The Total Dividends Paid amount includes the estimated impact from this announcement. The estimate is calculated using the 572.9 million shares outstanding at September 30, 2024. |
(2) |
There was a supplemental dividend paid in December 2020 and December 2023. |
In the third quarter of 2024, we did not repurchase any of our common stock.
We have authority to purchase up to 6,200,000 additional shares of our common stock under the July 12, 2022 authorization. This authorization does not have an expiration date.
All share and per share information reflects the two-for-one stock split in 2019.
About Fastenal
Fastenal provides a broad offering of industrial supplies, including fastener, safety, and metal cutting products, to manufacturing, construction, and state and local government customers through more than 3,500 in-market locations (branches and customer-specific Onsite locations) spanning 25 countries. With continual investment in tailored local inventory, dedicated local experts, and flexible FMI® (Fastenal Managed Inventory) and digital solutions, we help our business partners achieve product and process savings across the supply chain – a "high-touch, high-tech" approach encapsulated by our tagline, Where Industry Meets Innovation™. Our local service teams are supported by 17 regional distribution centers, a captive logistics fleet, multiple teams of industry specialists and support personnel, and robust sourcing, quality, and manufacturing resources, enabling us to grow by getting closer to customers and providing innovative and comprehensive solutions to customer supply chain challenges.
Additional information regarding Fastenal is available on our website at www.fastenal.com.
Cautionary Note Regarding Forward-Looking Statements
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 Fastenal 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 or stock repurchases, could cause us to decide not to pay a dividend in the future or not to repurchase common stock pursuant to the existing share repurchase authorization. A discussion of other risks and uncertainties is included in our filings with the Securities and Exchange Commission, including our most recent annual report and subsequent quarterly reports. FAST-D
View source version on businesswire.com: https://www.businesswire.com/news/home/20241010851191/en/
Taylor Ranta Oborski
Accounting Manager
507.313.7959
Source: Fastenal Company
FAQ
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