Fastenal Stock To Go Ex-dividend Tomorrow (FAST)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Fastenal Company (Nasdaq: FAST) is tomorrow, December 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $42 as of 9:31 a.m. ET, the dividend yield is 2%.

The average volume for Fastenal has been 2.1 million shares per day over the past 30 days. Fastenal has a market cap of $12.39 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 4.1% year to date as of the close of trading on Monday.

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 30.3, above the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Fastenal as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, growth in earnings per share and increase 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 Fastenal Ratings Report.

See our dividend calendar or top-yielding stocks list.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

Why You Must Immediately Short Amazon, Starbucks, Disney and 3 Other Stocks

Why You Should Short Amazon, Starbucks, Disney and These Other Stocks

No Good Stock Left Behind: Cramer's 'Mad Money' Recap (Tuesday 7/25/17)

Hertz Global Holdings, Honeywell, PetMed Express, Allergan: 'Mad Money' Lightning Round

Why Fastenal May Be One of the Best Second-Half Buys