In This Article:
WINONA, Minn., January 16, 2025--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us') reported its board of directors declared a dividend of $0.43 per share to be paid in cash on February 28, 2025 to shareholders of record at the close of business on January 31, 2025. Except for share and per share information, dollar amounts are stated in millions.
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 2025, 2024, and 2023, we paid (or declared) dividends as follows:
| Year |
| First Quarter |
| Second Quarter |
| Third Quarter |
| Fourth Quarter |
| Sub-Total (Regular) | Fourth Quarter (Special) |
| Total | |||||||
| 2025 |
| $ | 0.43 |
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| 2024 |
| $ | 0.39 |
| $ | 0.39 |
| $ | 0.39 |
| $ | 0.39 |
| $ | 1.56 | $ | 0.00 |
| $ | 1.56 |
| 2023 |
| $ | 0.35 |
| $ | 0.35 |
| $ | 0.35 |
| $ | 0.35 |
| $ | 1.40 | $ | 0.38 |
| $ | 1.78 |
Dividend and common stock purchase activity during the last ten years:
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| Average Per | ||||||||||||
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| Total | Dividends per Share | Total Value of | Total Number | Share Price of | |||||||||||||||||||||
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| Dividend | Dividends | Regular |
| Special |
| Total |
| Common Stock | of Shares | Common Stock | ||||||||||||||||
| Year | Payments | Paid | Dividend |
| Dividend |
| Dividend |
| Purchased | Purchased | Purchased | ||||||||||||||||
| 2025 | One (1) |
| $ | 246.5 |
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| $ | 0.43 |
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| $ | — |
| $ | 0.43 |
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| $ | — |
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| — |
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| $ | — |
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| 2024 | Four |
| $ | 893.3 |
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| $ | 1.56 |
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| $ | — |
| $ | 1.56 |
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| $ | — |
|
| — |
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| $ | — |
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| 2023 | Five (2) |
| $ | 1,016.8 |
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| $ | 1.40 |
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| $ | 0.38 |
| $ | 1.78 |
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| $ | — |
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| — |
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| $ | — |
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| 2022 | Four |
| $ | 711.3 |
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| $ | 1.24 |
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| $ | — |
| $ | 1.24 |
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| $ | 237.8 |
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| 5,000,000 |
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| $ | 47.58 |
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| 2021 | Four |
| $ | 643.7 |
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| $ | 1.12 |
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| $ | — |
| $ | 1.12 |
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| $ | — |
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| — |
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| $ | — |
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| 2020 | Five (2) |
| $ | 803.4 |
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| $ | 1.00 |
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| $ | 0.40 |
| $ | 1.40 |
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| $ | 52.0 |
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| 1,600,000 |
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| $ | 32.54 |
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| 2019 | Four |
| $ | 498.6 |
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| $ | 0.87 |
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| $ | — |
| $ | 0.87 |
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| $ | — |
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| — |
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| $ | — |
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| 2018 | Four |
| $ | 441.9 |
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| $ | 0.77 |
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| $ | — |
| $ | 0.77 |
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| $ | 103.0 |
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| 4,000,000 |
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| $ | 25.75 |
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| 2017 | Four |
| $ | 369.1 |
|
| $ | 0.64 |
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| $ | — |
| $ | 0.64 |
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| $ | 82.6 |
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| 3,800,000 |
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| $ | 21.72 |
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| 2016 | Four |
| $ | 346.6 |
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| $ | 0.60 |
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| $ | — |
| $ | 0.60 |
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| $ | 59.5 |
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| 3,200,000 |
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| $ | 18.58 |
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| Ten Year Total |
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| $ | 5,971.2 |
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| $ | 9.63 |
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| $ | 0.78 |
| $ | 10.41 |
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| $ | 534.9 |
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| 17,600,000 |
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| $ | 30.39 |
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| (1) | The Total Dividends Paid amount includes the estimated impact from this announcement. The estimate is calculated using the 573.3 million shares outstanding at December 31, 2024. | |
| (2) | There was a supplemental dividend paid in December 2020 and December 2023. |
In the fourth quarter of 2024, we did not repurchase any of our common stock.