Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
Cathay Pacific Holds Firm on Flight Capacity Amid Middle East Conflict and Rising Fuel Costs 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
First Western Ship Transits Strait of Hormuz Since Iran War Began 
Britain Courts Anthropic Amid US Defense Department Dispute 
Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
Trump Administration Plans 100% Tariffs on Pharmaceutical Imports 
Paramount Skydance Secures $24B from Gulf Sovereign Wealth Funds for Warner Bros. Discovery Takeover 
Tesla Q1 2026 Deliveries Miss Estimates as AI Strategy Takes Center Stage 
UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire 
Samsung Electronics Eyes Record Q1 Profit Amid AI-Driven Chip Boom 
SpaceX Eyes Historic IPO at $1.75 Trillion Valuation 
WINONA, Minn., Jan. 14, 2016 (GLOBE NEWSWIRE) --
The Fastenal Company (the "Company") of Winona, MN (Nasdaq:FAST) reported its board of directors declared a dividend of $0.30 per share to be paid in cash on February 26, 2016 to shareholders of record at the close of business on January 29, 2016.
Fastenal began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. Our board of directors intends to continue paying quarterly dividends, provided that any future determination as to payment of dividends will depend upon the financial condition and results of operations of the Company and such other factors as are deemed relevant by the board of directors, such as income tax rates related to dividends.
In 2016, 2015, and 2014, we paid (or declared) dividends as follows:
| Year | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | ||||||||||||
| 2016 | $ | 0.30 | ||||||||||||||
| 2015 | $ | 0.28 | $ | 0.28 | $ | 0.28 | $ | 0.28 | ||||||||
| 2014 | $ | 0.25 | $ | 0.25 | $ | 0.25 | $ | 0.25 | ||||||||
Dividend and stock purchase activity during the last ten years:
| Total Value of | Total Number | Per Share | ||||||||||||||||||||||||||||
| Total | Dividends per Share | Stock | of Shares | Price of | ||||||||||||||||||||||||||
| Dividend | Dividends | Regular | Total | Purchased | Purchased | Stock | ||||||||||||||||||||||||
| Year | Payments | Paid (000's) | Dividend | Dividend | (000's) | (000's) | Purchased | |||||||||||||||||||||||
| 2016 | One1 | $ | 86,875 | $ | 0.30 | $ | 0.30 | $ | — | — | $ | — | ||||||||||||||||||
| 2015 | Four | $ | 327,101 | $ | 1.12 | $ | 1.12 | $ | 292,951 | 7,100 | $ | 41.26 | ||||||||||||||||||
| 2014 | Four | $ | 296,581 | $ | 1.00 | $ | 1.00 | $ | 52,942 | 1,200 | $ | 44.12 | ||||||||||||||||||
| 2013 | Four | $ | 237,456 | $ | 0.80 | $ | 0.80 | $ | 9,080 | 200 | $ | 45.40 | ||||||||||||||||||
| 2012 | Five2 | $ | 367,306 | $ | 0.74 | $ | 1.24 | $ | — | — | $ | — | ||||||||||||||||||
| 2011 | Four | $ | 191,741 | $ | 0.65 | $ | 0.65 | $ | — | — | $ | — | ||||||||||||||||||
| 2010 | Three2 | $ | 182,814 | $ | 0.41 | $ | 0.62 | $ | — | — | $ | — | ||||||||||||||||||
| 2009 | Two | $ | 106,943 | $ | 0.36 | $ | 0.36 | $ | 41,104 | 2,200 | $ | 18.69 | ||||||||||||||||||
| 2008 | Three2 | $ | 117,474 | $ | 0.26 | $ | 0.395 | $ | 25,958 | 1,180 | $ | 22.00 | ||||||||||||||||||
| 2007 | Two | $ | 66,216 | $ | 0.22 | $ | 0.22 | $ | 87,312 | 4,172 | $ | 20.93 | ||||||||||||||||||
1 The total dividends paid amount includes the estimated impact from this announcement. The estimate is calculated using the 289.6 million shares outstanding at December 31, 2015.
2 There was a supplemental dividend paid in December 2012, 2010, and 2008.
All share and per share information reflects the two-for-one stock split in 2011.
Fastenal sells different types of industrial and construction supplies in the following product categories: threaded fasteners and miscellaneous supplies; tools; metal cutting tool blades and abrasives; fluid transfer components and accessories for hydraulic and pneumatic power; material handling; storage and packaging products; janitorial, chemical and paint products; electrical supplies; welding supplies; safety supplies; metals, alloys and materials; and office supplies.
Fastenal operates approximately 2,600 stores located primarily in North America with additional locations in Asia, Europe, Central and South America, and Africa. The Company operates 14 distribution centers in North America; eleven in the United States - Minnesota, Indiana, Ohio, Pennsylvania, Texas, Georgia, Washington, California, Utah, North Carolina, and Kansas, and three outside the United States - Ontario, Canada; Alberta, Canada; and Nuevo Leon, Mexico.
Additional information regarding Fastenal is available on the Fastenal Company website at www.fastenal.com.
The Fastenal Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6432.
This press release contains statements that are not historical in nature and that are intended to be, and are hereby identified as, "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995, including a statement regarding expectations as to payment of a quarterly cash dividend in the foreseeable future. Any future determination as to payment of dividends will depend upon the financial condition and results of operations of the Company and such other factors as are deemed relevant by the board of directors. For example, a change in business needs including working capital and funding for acquisitions, or a change in income tax law relating to dividends, could cause the Company to decide not to pay a dividend in the future. A discussion of other risks and uncertainties is included in the Company's filings with the SEC, including our most recent annual and quarterly reports. FAST-D
| CONTACT: | Ellen Trester |
| Financial Reporting & Regulatory Compliance Manager | |
| 507.313.7282 |
