Fastenal (FAST) hikes dividend by 2.3%
Second dividend hike in 2025 for a total increase of 12.8%
Fastenal Company FAST 0.00%↑ , a proud Dividend Aristocrat, is once again rewarding its shareholders — announcing a 2.3% increase to its quarterly dividend, now set at $0.44 per share. This marks the second dividend increase in 2025, bringing the year-to-date dividend growth to an impressive 12.8%.
The dividend will be paid on May 23, 2025, to shareholders of record as of April 25, 2025. The dividend yield for Fastenal is 2.4% at a stock price of $75.79.
Fastenal’s commitment to shareholder returns is no passing trend. The company began annual dividends back in 1991, upgraded to semi-annual in 2003, and transitioned to quarterly payouts in 2011. Over the years, shareholders have also benefited from four special one-time dividends — most recently in December 2023.
Notably, January 2025 saw a 10.3% dividend boost, and this latest hike underscores Fastenal’s continued financial strength and discipline. With 26 consecutive years of dividend growth, Fastenal solidifies its standing in the elite group of Dividend Aristocrats. Another Aristocrat hiking the dividend this week is Procter & Gamble PG 0.00%↑ with a 5% dividend boost.
While the board plans to maintain regular quarterly payments, future dividend decisions will depend on Fastenal’s ongoing financial performance and other key factors.
Fastenal is engaged in wholesale distribution of industrial and construction supplies, including 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 Company began as a partnership in 1967, and was incorporated under the laws of Minnesota in 1968. Fastenal began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.