This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Dividend Stocks for Earnings Season

Fastenal

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Maintenance and repair product distributor Fastenal (FAST - Get Report) is having a strong year despite the bearish pressure that's squeezed the broad market in 2011. Year-to-date, shares have climbed 12.5% -- Fastenal's dividend payout notwithstanding. That dividend is on the rise right now; management increased their payout to shareholders by 7.69% this week, ratcheting its quarterly dividend up to 13 cents per share.

Fastenal's core business comes in providing a massive catalog of maintenance, repair, and construction products to companies worldwide. At its core is the firm's namesake fastener business, which currently boasts more than 400,000 products; fittingly, fasteners make up more than half of the firm's sales. Competition is high for firms' maintenance and repair dollars, and Fastenal's geographic footprint is its biggest weapon to combat customer attrition. With more than 2,400 physical locations, Fastenal is best able to quickly fulfill orders and keep customers loyal.

With no debt on its balance sheet and more than $115 in cash and investments on hand, Fastenal's financial health is excellent. The firm's recent dividend hike equates to a 1.54% yield at current levels.

Fastenal, one of TheStreet Ratings' top-rated supplier and distributor stocks, was also featured recently in " 5 Stocks Set to Soar off Bullish Earnings."

4 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
FAST $40.54 0.00%
GLW $22.46 0.00%
PAYX $48.28 0.00%
RPM $47.64 0.00%
SNH $21.49 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs