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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.