Fastenal Company dividend calculator – Fastenal Co. Declares 0.35 Cash Dividend
February 3, 2023
Dividends Yield
Fastenal Company dividend calculator – On February 1, 2023, Fastenal Co. declared a 0.35 cash dividend per share. This dividend is just one of many that the company has given out in recent years. For the past 3 years, FASTENAL COMPANY ($NASDAQ:FAST) has distributed an annual dividend per share of 1.24 USD. This has resulted in a dividend yield for 2022 to 2024 of 2.34%, resulting in an average dividend yield of 2.34%. FASTENAL COMPANY is a Minnesota-based company that provides industrial and construction supplies. Its products include fasteners, safety equipment, janitorial and cleaning supplies, electrical and power supplies, and other industrial products.
If you are interested in dividend stocks, FASTENAL COMPANY may be an option to consider. The ex-dividend date for the 0.35 cash dividend is February 1, 2023. This means that any shareholders who purchase the stock on or after that date will not receive the dividend. For investors looking for a steady stream of income, it is worth taking a look at FASTENAL COMPANY’s stock. With its solid dividend yield and a wide range of products, it is a reliable choice for investors seeking passive income.
Market Price
This declaration follows the closing of the company’s shares which saw a 2.7% increase from the previous closing price of 50.6, with the stock opening at 50.1 and closing at 51.9. The company’s products range from fasteners, safety and janitorial supplies, to cutting tools and equipment. In addition to its distribution network, Fastenal Co. also provides services such as inventory management and product sourcing for its customers.
This is indicative of the company’s commitment to rewarding shareholders through its stable and increasing dividend payments. With its robust distribution network, strong product offerings, and commitment to rewarding shareholders, Fastenal Co. is well-positioned to continue to grow and provide value to its shareholders in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fastenal Company. More…
| Total Revenues | Net Income | Net Margin |
| 6.98k | 1.09k | 15.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fastenal Company. More…
| Operations | Investing | Financing |
| 941 | -163 | -774.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fastenal Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.55k | 1.39k | 5.52 |
Key Ratios Snapshot
Some of the financial key ratios for Fastenal Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.4% | 11.2% | 20.8% |
| FCF Margin | ROE | ROA |
| 11.0% | 28.7% | 20.0% |
Analysis
GoodWhale has conducted an analysis of FASTENAL COMPANY‘s wellbeing, and has determined the company to be a medium risk investment in terms of financial and business aspects. This means that while there is potential for growth, there are also risks associated with investing in the company. When assessing the financial aspects of FASTENAL COMPANY, GoodWhale considers a number of factors, such as the company’s balance sheet and capital structure, debt levels, creditworthiness, cash flow, and profitability. All of these are important indicators of the company’s ability to generate profits and pay its creditors. Business aspects are also taken into consideration when assessing the risk associated with FASTENAL COMPANY. GoodWhale looks at the company’s competitive position in the industry, management team and strategy, market trends, customer base, technological capabilities, and other factors that could affect the company’s performance. The results of GoodWhale’s analysis of FASTENAL COMPANY provide investors with valuable information about the company’s overall wellbeing and potential risks. Investors who are interested in learning more about the company’s financial and business aspects can register with GoodWhale to gain access to detailed insights that can help them make an informed decision. More…
Peers
Fastenal Co is a leading company in the fastener industry and competes with WESCO International Inc, DXP Enterprises Inc, and W.W. Grainger Inc. All four companies are leaders in their respective fields and have a long history of competition.
– WESCO International Inc ($NYSE:WCC)
WESCO International Inc. is a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced logistics services. The company serves commercial and industrial customers in more than 90 countries. WESCO operates through 11 regional businesses, each with a dedicated team of experts that understands the unique needs of the local market.
WESCO has a market cap of $6.47B as of 2022 and a ROE of 16.97%. The company is a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced logistics services. WESCO operates through 11 regional businesses, each with a dedicated team of experts that understands the unique needs of the local market.
– DXP Enterprises Inc ($NASDAQ:DXPE)
DXP Enterprises is a leading provider of integrated maintenance, repair and operations solutions that enable our customers to operate more efficiently and effectively. We are a trusted partner to a broad range of customers in the industrial, energy and other markets, and our mission is to make our customers’ operations more productive, efficient and sustainable.
DXP’s market cap is $483.23M as of 2022. The company has a Return on Equity of 14.04%.
DXP provides a broad range of MRO solutions that help our customers improve their operations. Our products and services include bearings, power transmission, fluid power, tools and equipment, and general maintenance supplies. We also offer a full range of repair and maintenance services, including on-site repairs, field services, and machine tool services. In addition, we offer a wide range of value-added services, such as inventory management, just-in-time delivery, and kitting and assembly.
– W.W. Grainger Inc ($NYSE:GWW)
W.W. Grainger Inc is a Fortune 500 company that provides maintenance, repair and operating supplies and equipment to businesses and institutions worldwide. With a market cap of 27.04B as of 2022 and a Return on Equity of 56.81%, it is clear that the company is doing well. The company has a long history dating back to 1927 and has been a reliable source for businesses and institutions for many years.
Summary
FASTENAL COMPANY is an attractive option for investors looking for a dividend-paying stock. The company has consistently distributed an annual dividend of 1.24 USD per share over the past three years, resulting in a dividend yield of 2.34%. The dividend yield for the next three years is estimated to remain at 2.34%, making it a relatively stable and reliable dividend stock for investors.
FASTENAL COMPANY has an ex-dividend date of February 1 2023, and investors should consider investing in the company before then in order to qualify for the dividend payout. Investors should also do their own research to make sure FASTENAL COMPANY is a good fit for their investment goals before they decide to invest.
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