Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Instagram Outage Disrupts Thousands of U.S. Users 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
WINONA, Minn., April 11, 2016 -- 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 May 24, 2016 to shareholders of record at the close of business on April 26, 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 | $ | 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 | Two(1) | $ | 173,183 | $ | 0.60 | $ | 0.60 | $ | 59,440 | 1,600 | $ | 37.15 | |||||||||||||||||||
| 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 | Five(2) | $ | 367,306 | $ | 0.74 | $ | 1.24 | $ | — | — | $ | — | |||||||||||||||||||
| 2011 | Four | $ | 191,741 | $ | 0.65 | $ | 0.65 | $ | — | — | $ | — | |||||||||||||||||||
| 2010 | Three(2) | $ | 182,814 | $ | 0.41 | $ | 0.62 | $ | — | — | $ | — | |||||||||||||||||||
| 2009 | Two | $ | 106,943 | $ | 0.36 | $ | 0.36 | $ | 41,104 | 2,200 | $ | 18.69 | |||||||||||||||||||
| 2008 | Three(2) | $ | 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 288.9 million shares outstanding at March 31, 2016.
(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
