Fastenal Company Announces Cash Dividend

WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us') reported its board of directors declared a dividend of $0.44 per share to be paid in cash on May 23, 2025 to shareholders of record at the close of business on April 25, 2025. Except for share and per share information, dollar amounts are stated in millions.

We began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. In addition to these regular dividend payments, we have previously paid special one-time dividends in December 2008, December 2012, December 2020, and December 2023. Our board of directors currently intends to continue paying quarterly dividends, though all future determination as to payment of dividends will depend upon the financial condition and results of operations of Fastenal and such other factors as are deemed relevant by the board of directors at that time.

In 2025, 2024, and 2023, we paid (or declared) dividends as follows:

Year	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Sub-Total (Regular)		Fourth Quarter (Special)		Total
2025	$	0.43	$	0.44
2024	$	0.39	$	0.39	$	0.39	$	0.39	$	1.56	$	0.00	$	1.56
2023	$	0.35	$	0.35	$	0.35	$	0.35	$	1.40	$	0.38	$	1.78

Dividend and common stock purchase activity during the last ten years:

												Total Value			Total		Average Per
		Total			Dividends per Share							of Common			Number		Share Price of
	Dividend	Dividends			Regular			Special		Total		Stock			of Shares		Common Stock
Year	Payments	Paid			Dividend			Dividend		Dividend		Purchased			Purchased		Purchased
2025	Two^(1)		$	499.0		$	0.87	$	—	$	0.87		$	—		—		$	—
2024	Four		$	893.3		$	1.56	$	—	$	1.56		$	—		—		$	—
2023	Five ^(2)		$	1,016.8		$	1.40	$	0.38	$	1.78		$	—		—		$	—
2022	Four		$	711.3		$	1.24	$	—	$	1.24		$	237.8		5,000,000		$	47.58
2021	Four		$	643.7		$	1.12	$	—	$	1.12		$	—		—		$	—
2020	Five ^(2)		$	803.4		$	1.00	$	0.40	$	1.40		$	52.0		1,600,000		$	32.54
2019	Four		$	498.6		$	0.87	$	—	$	0.87		$	—		—		$	—
2018	Four		$	441.9		$	0.77	$	—	$	0.77		$	103.0		4,000,000		$	25.75
2017	Four		$	369.1		$	0.64	$	—	$	0.64		$	82.6		3,800,000		$	21.72
2016	Four		$	346.6		$	0.60	$	—	$	0.60		$	59.5		3,200,000		$	18.58
Ten Year Total			$	6,223.7		$	10.07	$	0.78	$	10.85		$	534.9		17,600,000		$	30.39

^(1)	The Total Dividends Paid amount includes the estimated impact from this announcement. The estimate is calculated using the 573.6 million shares outstanding at March 31, 2025.
^(2)	There was a supplemental dividend paid in December 2020 and December 2023.

In the first quarter of 2025, we did not repurchase any of our common stock.

We have authority to purchase up to 6,200,000 additional shares of our common stock under the July 12, 2022 authorization. This authorization does not have an expiration date.

All share and per share information reflects the two-for-one stock split in 2019.

About Fastenal

With more than 3,500 in-market locations spanning 25 countries, Fastenal supplies a broad offering of fasteners, safety products, metal cutting products, and other industrial supplies to customers engaged in manufacturing, construction, warehousing, wholesale, and state and local government. By investing in local experts and inventory, customer-facing technology, wide-ranging services, and best-in-class sourcing and logistics, we offer a unique combination of capabilities to help our customers reduce cost, risk, and scalability constraints in their global supply chains. This "high-touch, high-tech" approach is reflected in our tagline, Where Industry Meets Innovation™.

Additional information regarding Fastenal is available on our website at www.fastenal.com.

Cautionary Note Regarding Forward-Looking Statements

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 Fastenal 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 or stock repurchases, could cause us to decide not to pay a dividend in the future or not to repurchase common stock pursuant to the existing share repurchase authorization. A discussion of other risks and uncertainties is included in our filings with the Securities and Exchange Commission, including our most recent annual report and subsequent quarterly reports.

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