Plus, two stocks got some significant upgrades from Wall Street analysts.
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News & Analysis: Fastenal
FAST earnings call for the period ending September 30, 2021.
These investments seem pretty vulnerable right now.
For now, the company is following a successful, if ad-hoc, sales model.
With or without a large federal infrastructure spending package, these companies are successful and growing.
With dividends already yielding between 2% and 5%, these three companies will continue to increase payouts to shareholders.
Company notes that "products like 3-ply masks and disposable respirators are oversupplied and prices have declined."
These companies offer income investors the possibility of substantial long-term share price growth in addition to their regular quarterly payouts.
The industrial company hasn't skipped a beat so far in 2020, despite COVID-19. Investors are rewarding that consistency for now.
The industrial parts supplier has held up pretty well in the face of COVID-19, helped along by its diversified business.