Fastenal Keeps Dividend Steady
Fastenal has declared its latest dividend, in advance of the unveiling of its Q3 results. The company will pay a distribution of $0.25 per share on November 22 to shareholders of record as of October 25. That amount matches its previous distribution, which was handed out in August. Prior to that, Fastenal was less generous by $0.05, handing out $0.20 per share.
The just-declared dividend annualizes to an even $1.00 per share. That yields 2% at the company's most recent closing stock price of $49.98.
Fastenal is scheduled to release its Q3 results tomorrow. On average, analysts are expecting revenue of just more than $866 million and EPS of $0.41.
The article Fastenal Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Fastenal, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.