WINONA, Minn., Jan. 14, 2014 (GLOBE NEWSWIRE) -- The Fastenal Company of Winona, MN (Nasdaq:FAST) reported its Board of Directors declared a dividend of $0.25 per share to be paid in cash on February 28, 2014 to shareholders of record at the close of business on January 31, 2014.
Fastenal began paying annual dividends in 1991, expanded to semi-annual dividends in 2003, and then switched to quarterly dividends in 2011. In 2012, we paid quarterly dividends of $0.17 in February, $0.17 in May, $0.19 in August, $0.21 in November, and then paid a supplemental dividend of $0.50 in December. In 2013, we paid quarterly dividends of $0.10 in March, $0.20 in May, $0.25 in August, and $0.25 in November. As previously disclosed, we lowered our February 2013 dividend payment to partially replenish our cash reserves (after the large supplemental dividend payment of $0.50 in December 2012) and to also prepare for the significant capital expenditures we expected in 2013 related to our expanded vending rollout and distribution automation.
Our Board of Directors intends to continue paying quarterly dividends, provided that any future determination as to payment of dividends will depend upon the financial condition and results of operations of the Company and such other factors as are deemed relevant by the Board of Directors, such as dividend tax rates.Dividend and stock repurchase activity in the last ten years are as follows:
|Total value of||Per share|
|Total||Dividends per share||repurchased||price of|
|2014||One 1||$ 74,186||$ 0.25||$ 0.25||$ —||$ —|
|2013||Four||$ 237,456||$ 0.80||$ 0.80||$ 9,080||$ 45.40|
|2012||Five 2||$ 367,306||$ 0.74||$ 1.24||$ —||$ —|
|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|
1 The total dividends paid amount includes the estimated impact from this announcement. The estimate is calculated using the 296.7 million shares outstanding at September 30, 2013.
2 There was a supplemental dividend paid in December 2012, 2010, and 2008.All per share information reflects the two-for-one stock splits in both 2011 and 2005.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV