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.

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