Fastenal Company stock dividend – Fastenal Increases Quarterly Dividend by 12.9%, Yielding a 2.94% Forward Yield
January 30, 2023
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Fastenal Company stock dividend – Fastenal Company ($NASDAQ:FAST) is an American company that specializes in the wholesale distribution of industrial and construction supplies. The company serves customers in a wide range of industries, including construction, manufacturing, and the energy sector. Fastenal has recently declared a quarterly dividend of $0.35 per share, representing a 12.9% increase from the prior dividend of $0.31. The dividend is payable on March 2nd to shareholders of record as of February 2nd, with an ex-dividend date of February 1st. This yields a forward yield of 2.94%. The company boasts a dividend scorecard of 90, meaning it is an attractive stock for income investors looking for consistency and stability.
The dividend yield chart also shows that the current yield is higher than the average yield over the last five years, making it an attractive investment opportunity for income investors. The company also offers a wide range of additional benefits to shareholders, such as a share repurchase program and a dividend reinvestment plan. Overall, Fastenal’s quarterly dividend increase of 12.9% is great news for income investors. The increased dividend yield of 2.94%, combined with the company’s strong dividend scorecard and consistent dividend growth, make it an attractive investment opportunity for those looking for both income and long-term growth potential. For more information on the dividend scorecard, yield chart, and dividend growth, refer to the link provided.
Dividends – Fastenal Company stock dividend
This is a welcome increase for those looking for dividend stocks to invest in. In the last three years, FASTENAL COMPANY has issued an annual dividend per share of 1.21, 1.12, and 1.0 USD. With the new quarterly dividend increase, the yield for 2020 to 2022 is 2.22%, 2.16%, and 2.55%, respectively, with an average dividend yield of 2.31%. This increase in the dividend yield is part of FASTENAL COMPANY’s ongoing efforts to attract investors and reward them for their loyalty. The company is known for its commitment to creating long-term value for both shareholders and customers, and the dividend increase is a testament to that.
The dividend increase also signals the company’s confidence in its financial prospects, as it continues to invest in growth opportunities and increase its market share. The company has a strong balance sheet and a solid track record of delivering profitable results, so it is well positioned to continue to reward investors with dividends. Overall, if you are looking for dividend stocks to invest in, FASTENAL COMPANY might be worth considering. It has a strong history of consistent dividend increases, a solid financial position, and an impressive track record of delivering profitable results.
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% |
Price History
On Wednesday, FASTENAL COMPANY stock opened at $48.2 and closed at $47.5, down by 1.4% from the last closing price of 48.2. This dividend increase was an indicator of the company’s positive financial standing and progress in the market. The company provides fasteners, tools, safety supplies and other related products, as well as inventory management services. It also offers local inventory, value-added services and a variety of other services for customers. This move to increase the dividend by 12.9% is a testament to the company’s strong financial health and commitment to reward its shareholders with increasing returns.
FASTENAL COMPANY’s success can be attributed to its focus on customer service and its ability to cater to the needs of its customers quickly and efficiently. The company also works with customers to develop customized solutions that fit their individual needs. With its strong focus on customer service and its efficient business model, FASTENAL COMPANY is well-positioned to continue delivering strong returns to its shareholders in the future. Live Quote…
VI Analysis – Fastenal Company Intrinsic Value
FASTENAL COMPANY is a good long-term investment option based on its fundamentals. The VI app makes it easy to assess the company’s intrinsic value by considering various factors such as its financials and market performance. According to the VI Line, the intrinsic value of one FASTENAL COMPANY share is around $55.9. Currently, the stock is trading at $47.5, which is a fair price but is still undervalued by 15%. Investors should look at the company’s performance from a long-term perspective rather than making decisions based on short-term trends. Fundamental analysis is the best way to understand the true worth of a company and FASTENAL COMPANY has a strong set of fundamentals. It has a healthy financial position and is well-positioned to take advantage of the current market dynamics. The company also has a sound management team and a clear strategy for growth. FASTENAL COMPANY is one of the most attractive investments out there right now given its fundamentals and fair price. While the stock may be slightly undervalued, investors should keep in mind that it could still be an attractive long-term option. Those who are looking for a safe and secure way to build wealth should consider investing in FASTENAL COMPANY. More…
VI Peers
Fastenal Co is a leading company in the fastener industry and competes with WESCO International Inc, DXP Enterprises Inc, and W.W. Grainger Inc. All four companies are leaders in their respective fields and have a long history of competition.
– WESCO International Inc ($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 a US-based company providing industrial, safety, and construction supplies. Recently, the company has increased its quarterly dividend by 12.9%, resulting in a 2.94% forward yield for investors. Investors should consider Fastenal as an investment opportunity due to its reliable dividend payment history and strong financials. The company continues to invest in long-term growth initiatives and has a strong balance sheet with a low debt-to-equity ratio. Fastenal offers a wide range of products and services to customers in the industrial, safety, and construction sectors, helping to create a sustainable business model.
Additionally, the company has a well-established distribution network which allows it to operate efficiently and maintain competitive prices. Overall, Fastenal is an attractive investment opportunity for those seeking reliable dividend payments and long-term growth potential.
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