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Fastenal Company Announces Cash Dividend

Mon, 11/26/2012 - 10:04am
Fastenal

Winona, MN - The Fastenal Company reported its Board of Directors declared a special one-time dividend of $0.50 per share to be paid in cash on December 21, 2012 to shareholders of record at the close of business on December 7, 2012.

Fastenal began paying an annual dividend in 1991, expanded to a semi-annual dividend in 2003, and then switched to a quarterly dividend in 2011. In 2012, the company has previously paid three dividends ($0.17 in February, $0.17 in May, and $0.19 in August) with a fourth dividend of $0.21 scheduled for payment in late November. The Board of Directors intends to continue paying quarterly dividends, provided that any future determination as to payment of dividends will depend upon the financial condition and results of operations of the company and such other factors as are deemed relevant by the Board of Directors, such as dividend tax rates.

Dividend and stock repurchase activity in the last ten years are as follows:

 

 

 

 

 

 Total 

 

 

 

 

 

 

 value of 

 Per share 

 

 

 Total 

Dividends per share

 repurchased 

 price of 

 

Dividend 

 dividends 

Regular

Total

 shares 

 repurchased 

Year

payments

paid (000's)

dividend

dividend

(000's)

shares

 

 

 

 

 

 

 

2012

Five1

$ 367,295

$ 0.74

$ 1.24

$ --

 $ --

2011

Four

$ 191,741

$ 0.65

$ 0.65

 $ --

 $ --

2010

Three2

$ 182,814

$ 0.41

$ 0.62

 $ --

 $ --

2009

Two

$ 106,943

$ 0.36

$ 0.36

$ 41,104

$ 18.69

2008

Three2

$ 117,474

$ 0.26

$ 0.395

$ 25,958

$ 22.00

2007

Two

$ 66,216

$ 0.22

$ 0.22

$ 87,312

$ 20.93

2006

Two

$ 60,548

$ 0.20

$ 0.20

$ 17,294

$ 18.25

2005

Two

$ 46,935

$ 0.155

$ 0.155

$ 18,739

$ 13.38

2004

Two

$ 30,350

$ 0.10

$ 0.10

 $ --

 $ --

2003

Two

$ 15,935

$ 0.053

$ 0.053

 $ --

 $ --

1 The total dividends paid amount includes the estimated impact from this announcement. The estimate is calculated using the 296.4 million shares outstanding.
There were also supplemental dividends paid in December 2010 and 2008.

All per share information reflects the two-for-one stock splits in both 2011 and 2005.

Fastenal sells different types of industrial and construction supplies in the following product categories: threaded fasteners and miscellaneous supplies; tools; metal cutting tool blades and abrasives; fluid transfer components and accessories for hydraulic and pneumatic power; material handling; storage and packaging products; janitorial, chemical and paint products; electrical supplies; welding supplies; safety supplies; metals, alloys and materials; and office supplies.

Additional information regarding Fastenal is available on the Fastenal Company World Wide Web site at www.fastenal.com.

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