Fastenal declares $0.22 per share quarterly dividend

WINONA, Minn. - Fastenal Company (NASDAQ:FAST), the industrial supply giant with a market capitalization of $52.56 billion, announced Friday that its board of directors has declared a quarterly dividend of $0.22 per share, payable on November 25, 2025, to shareholders of record as of October 28, 2025.

The dividend represents a slight increase from the $0.215 per share paid in the first quarter of 2025. The company has maintained its quarterly dividend at $0.22 per share since the second quarter of this year.

Fastenal has a history of consistent dividend payments, having begun with annual dividends in 1991, then transitioning to semi-annual payments in 2003, and quarterly dividends since 2011. The industrial supply company has also occasionally distributed special one-time dividends, most recently in December 2023.

For 2025, Fastenal is on track to pay total regular dividends of $0.875 per share, compared to $0.78 per share in 2024 and $0.70 per share in 2023, reflecting the company’s pattern of gradual dividend growth.

The company did not repurchase any shares during the third quarter of 2025. Fastenal currently has authority to purchase up to 12.4 million shares under its July 2022 authorization, which has no expiration date.

All share and per share information has been adjusted to reflect a two-for-one stock split that took effect on May 21, 2025.

Fastenal operates approximately 1,600 branch locations across 25 countries, supplying fasteners, safety products, and other industrial supplies to customers in manufacturing, construction, and other sectors, according to the press release statement.

In other recent news, Fastenal’s second-quarter earnings report revealed earnings per share of $0.29, surpassing the consensus forecast of $0.28. The company also exceeded expectations in sales, gross margin, and operating margin, with an EBIT of $436 million, slightly above BofA Securities’ estimate of $434 million. Following these results, BofA Securities raised its price target for Fastenal to $49 while maintaining a Buy rating. Meanwhile, Baird upgraded Fastenal’s stock from Neutral to Outperform, citing expectations of accelerating growth and a favorable cyclical setup.

JPMorgan also adjusted its price target to $41 from $38, maintaining a Neutral rating, and noted improved gross margins in the second quarter. UBS kept its Neutral rating and $41 price target, acknowledging Fastenal’s strong sales performance with a year-over-year sales growth of 8.6%. Despite these positive developments, Raymond James reiterated its Underperform rating due to concerns about the company’s valuation. Overall, analysts have shown a mix of optimism and caution regarding Fastenal’s recent performance and future prospects.

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