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TheStreet Open House

Fastenal Company Announces Cash Dividend

Stocks in this article: FAST

WINONA, Minn., April 10, 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 May 23, 2014 to shareholders of record at the close of business on April 25, 2014.

Fastenal began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. In 2013, we paid quarterly dividends per share of $0.10 in March, $0.20 in May, $0.25 in August, and $0.25 in November. In 2014, we paid a quarterly dividend per share of $0.25 in February and will pay our next dividend, as noted above, in May.

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 income tax rates related to dividends.

Dividend and stock purchase activity during the last ten years:

          Total value of  Per share
     Total Dividends per share  repurchased  price of
  Dividend  dividends Regular  Total  shares  repurchased
Year payments paid (000's) dividend dividend (000's) shares
             
2014 Two 1  $ 148,382  $ 0.50  $ 0.50  $ 8,847  $ 44.24
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 296.8 million shares outstanding at December 31, 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.

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