NEW YORK (
) -- The ex-dividend date for
) is Monday, January 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $46.59 as of 9:30 a.m. ET, the dividend yield is 1.5%.
The average volume for Fastenal has been 2.2 million shares per day over the past 30 days. Fastenal has a market cap of $13.83 billion and is part of the
industry. Shares are up 7.3% year to date as of the close of trading on Thursday.
The Company Is Engaged As A Wholesaler And Retailer Of Industrial And Construction Supplies. The company has a P/E ratio of 38.6, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Fastenal as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full