WINONA, Minn., Oct. 10, 2012 (GLOBE NEWSWIRE) -- The Fastenal Company of Winona, MN (Nasdaq:FAST) reported its Board of Directors declared a dividend of $0.21 per share to be paid in cash on November 26, 2012 to shareholders of record at the close of business on October 29, 2012.
Fastenal began paying an annual dividend in 1991, expanded to a semi-annual dividend in 2003, and then switched to a quarterly dividend in 2011. In 2012, we have previously paid three dividends ($0.17 in February, $0.17 in May, and $0.19 in August). Our Board of Directors intends to continue paying quarterly dividends, provided that any future determination as to payment of dividends will depend upon the financial condition and results of operations of the Company and such other factors as are deemed relevant by the Board of Directors.
Dividend and stock repurchase activity in the last ten years are as follows:
|Dividends per share|
|Year||Dividend payments||Total dividends paid (000's)||Regular dividend||Total dividend||Total value of repurchased shares (000's)||Per share price of repurchased shares|
|2012||Four 1||$ 219,035||$ 0.74||$ 0.74||$ --||$ --|
|2011||Four||$ 191,741||$ 0.65||$ 0.65||$ --||$ --|
|2010||Three 2||$ 182,814||$ 0.41||$ 0.62||$ --||$ --|
|2009||Two||$ 106,943||$ 0.36||$ 0.36||$ 41,104||$ 18.69|
|2008||Three 2||$ 117,474||$ 0.26||$ 0.395||$ 25,958||$ 22.00|
|2007||Two||$ 66,216||$ 0.22||$ 0.22||$ 87,312||$ 20.93|
|2006||Two||$ 60,548||$ 0.20||$ 0.20||$ 17,294||$ 18.25|
|2005||Two||$ 46,935||$ 0.155||$ 0.155||$ 18,739||$ 13.38|
|2004||Two||$ 30,350||$ 0.10||$ 0.10||$ --||$ --|
|2003||Two||$ 15,935||$ 0.053||$ 0.053||$ --||$ --|
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