Fastenal Co (BSP:FASL34) Dividend Payout Ratio : 0.53 (As of Mar. 2024)

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What is Fastenal Co Dividend Payout Ratio?

Fastenal Co's dividend payout ratio for the months ended in Mar. 2024 was 0.53.

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.

The historical rank and industry rank for Fastenal Co's Dividend Payout Ratio or its related term are showing as below:

BSP:FASL34' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.59 Med: 0.65 Max: 0.74
Current: 0.74

During the past 13 years, the highest Dividend Payout Ratio of Fastenal Co was 0.74. The lowest was 0.59. And the median was 0.65.

BSP:FASL34's Dividend Payout Ratio is ranked worse than
89.01% of 91 companies
in the Industrial Distribution industry
Industry Median: 0.35 vs BSP:FASL34: 0.74

As of today (2024-04-27), the Dividend Yield % of Fastenal Co is 1.51%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Fastenal Co was 3.08%. The lowest was 1.28%. And the median was 2.34%.

Fastenal Co's Dividends per Share for the months ended in Mar. 2024 was R$1.36.

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 Payout Ratio Historical Data

The historical data trend for Fastenal Co's Dividend Payout Ratio 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.

* Premium members only.

Fastenal Co Dividend Payout Ratio Chart

Fastenal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.34

0.94

0.71

0.64

0.78

Fastenal Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.68	0.68	0.70	1.09	0.53

Competitive Comparison of Fastenal Co's Dividend Payout Ratio

For the Industrial Distribution subindustry, Fastenal Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Payout Ratio Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Fastenal Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Fastenal Co's Dividend Payout Ratio falls into.

Fastenal Co Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Fastenal Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	7.694	/	9.898
	=	0.78

Fastenal Co's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	1.361	/	2.589
	=	0.53

Fastenal Co (BSP:FASL34) Dividend Payout Ratio Explanation

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.

Fastenal Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Fastenal Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Fastenal Co (BSP:FASL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Fastenal Co (BSP:FASL34) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

FAST:USA FAS:Germany FAST:Austria

Address

2001 Theurer Boulevard, Winona, MN, USA, 55987-1500

Website

https://www.fastenal.com

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.

Fastenal Co (BSP:FASL34) Headlines

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