Fastenal Stock To Go Ex-dividend Monday (FAST)

NEW YORK ( TheStreet) -- The ex-dividend date for Fastenal Company (Nasdaq: FAST) is Monday, April 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 $47.42 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for Fastenal has been 2.4 million shares per day over the past 30 days. Fastenal has a market cap of $13.97 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 8.3% year to date as of the close of trading on Thursday.

Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States and internationally. The company has a P/E ratio of 36.9, above the average materials & construction industry P/E ratio of 36.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fastenal as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Fastenal Ratings Report.

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