Fastenal Raises Quarterly Dividend by 8.3%

Dow Jones
07/11
 

Fastenal increased its quarterly cash dividend by 8.3% to 26 cents a share from 24 cents.

The dividend is payable Aug. 25 to shareholders of record July 28.

The new payout is equal to $1.04 a year and is equivalent to a dividend yield of about 2.2% based on Friday's closing share price of $46.49.

Fastenal said it repurchased 650,000 shares in the second quarter at an average price of $45.72. The company has authority to purchase up to 11,325,000 shares under its July 12, 2022 authorization, which has no expiration date.

 

Write to Doc Louallen at Doc.Louallen@wsj.com

 

(END) Dow Jones Newswires

July 10, 2026 16:24 ET (20:24 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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