Fastenal Keeps Dividend Steady

Fastenal (NASDAQ: FAST  ) has declared its latest dividend, in advance of the unveiling of its Q3 results. The company will pay a distribution of $0.25 per share on November 22 to shareholders of record as of October 25. That amount matches its previous distribution, which was handed out in August. Prior to that, Fastenal was less generous by $0.05, handing out $0.20 per share.

The just-declared dividend annualizes to an even $1.00 per share. That yields 2% at the company's most recent closing stock price of $49.98.

Fastenal is scheduled to release its Q3 results tomorrow. On average, analysts are expecting revenue of just more than $866 million and EPS of $0.41.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2674526, ~/Articles/ArticleHandler.aspx, 10/23/2014 6:01:36 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement