The ex-dividend date for Fastenal Company (Nasdaq:FAST) is Monday, October 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $35.06 as of 9:30 a.m., the dividend yield is 1.6%.
NEW YORK ( TheStreet) -- The ex-dividend date for Fastenal Company (Nasdaq: FAST) is Monday, October 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $35.06 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for Fastenal has been three million shares per day over the past 30 days. Fastenal has a market cap of $10.1 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 15.6% 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 30.2, above the average materials & construction industry P/E ratio of 29.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Fastenal as a buy. 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, expanding profit margins and good cash flow from operations. 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 Fastenal Ratings Report. See our dividend calendar or top-yielding stocks list.