Fastenal As of September 21, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
FAST $1.12 12.0% 13.6% 10.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Wholesale Distribution 2.1% 22 13.3% Quarter 1991
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Fastenal hikes dividend by 13.6%

The Fastenal Company (FAST) will raise its quarterly dividend by  13.6 percent to 25 cents per share in 2020. This follows a double digit dividend hike by the industrial wholesale company in the previous two years.

The next dividend will be paid on February 28, 2020 to shareholders of record at the close of business on January 31, 2020. A new annual rate of $1.00 per share yields 2.8% at a stock price of $35.83.

Fastenal is engaged in wholesale distribution of industrial and construction supplies, including 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 Company began as a partnership in 1967, and was incorporated under the laws of Minnesota in 1968. Fastenal began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Sep 23 XRAY 0.7% 10.0%
Sep 23 SRE 3.4% 5.3%
Sep 23 FLS 2.3% 0.0%
Sep 23 MDT 2.0% 8.6%
Sep 23 RL 2.5% 0.0%
Sep 23 IFF 2.4% 2.6%
Sep 24 EQR 3.0% 0.0%
Sep 24 GE 0.3% 0.0%
Sep 24 CERN 1.2% 0.0%
Sep 27 AMT 1.8% 5.0%