As of today (2024-04-24), the Trailing Annual Dividend Yield of Fastenal Co is 2.14%.
The historical rank and industry rank for Fastenal Co's Dividend Yield % or its related term are showing as below:
FAST'
s Dividend Yield % Range Over the Past 10 Years
Min: 1.28 Med: 2.34 Max: 3.08
Current: 2.14
During the past 13 years, the highest Dividend Yield of Fastenal Co was 3.08%. The lowest was 1.28%. And the median was 2.34%.
FAST's Dividend Yield % is ranked worse than 67% of 100
companies
in the Industrial Distribution industry
Industry Median: 2.68
vs FAST: 2.14
Fastenal Co's Dividend Payout Ratio for the
three
months ended in Mar. 2024 was 0.75.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Fastenal Co is 0.71, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Fastenal Co was 0.71. The lowest was 0.59. And the median was 0.65.
Fastenal Co's Dividends per Share for the
three
months ended in Mar. 2024 was $0.39.
During the past 12 months, Fastenal Co's average Dividends Per Share Growth Rate was 12.50% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 11.90% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 12.60% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 12.90% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Fastenal Co was 135.10% per year. The lowest was 8.60% per year. And the median was 23.10% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Fastenal Co Dividend Yield % Historical Data
The historical data trend for Fastenal Co's Dividend Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Fastenal Co's Dividend Yield %
For the Industrial Distribution subindustry, Fastenal Co's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fastenal Co's Dividend Yield % Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Fastenal Co's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Fastenal Co's Dividend Yield % falls into.
Fastenal Co Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Fastenal Co Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.390
2024-01-31
2024-02-01
2024-02-29
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.350
2023-10-25
2023-10-26
2023-11-24
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.350
2023-07-26
2023-07-27
2023-08-24
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.350
2023-04-26
2023-04-27
2023-05-25
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Fastenal Co's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
1.44
/
67.74
=
2.13 %
Current Share Price is $67.74.
Fastenal Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.44.
Fastenal Co's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
1.56
/
67.74
=
2.30 %
Current Share Price is $67.74.
Fastenal Co's Dividends per Share for the forward twelve months is calculated as $0.39 * 4 = $1.56.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fastenal Co (NAS:FAST) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Thank you for viewing the detailed overview of Fastenal Co's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,700 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.
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