Fastenal declares $0.26 dividend, repurchases shares

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Key Highlights

Fastenal Company declared a $0.26 per share cash dividend payable on August 25, 2026, to shareholders of record on July 28, 2026. The company repurchased 650,000 shares in Q2 2026 at an average price of $45.72 per share. The board intends to maintain quarterly dividends pending financial conditions. Ten-year capital allocation data shows total dividends paid of $7,231.6 million and share repurchases totaling $525.2 million.

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Fastenal Company's board of directors declared a cash dividend of $0.26 per share, payable on August 25, 2026, to shareholders of record at the close of business on July 28, 2026. The company also repurchased 650,000 shares of its common stock in the second quarter of 2026 at an average price of $45.72 per share. Fastenal has authority to purchase up to 11,325,000 shares under a July 12, 2022 authorization that does not have an expiration date.

Dividend Declaration

The board of directors currently intends to continue paying quarterly dividends, though future determinations will depend upon the financial condition and results of operations of Fastenal and other factors deemed relevant. The company began paying annual dividends in 1991, semi-annual dividends in 2003, and expanded to quarterly dividends in 2011. Special one-time dividends were previously paid in December 2008, December 2012, December 2020, and December 2023.

Dividend History

Dividends paid or declared in 2026, 2025, and 2024 are detailed below:

Year First Quarter Second Quarter Third Quarter Fourth Quarter Total
2026 $0.240 $0.240 $0.260 — —
2025 $0.215 $0.220 $0.220 $0.220 $0.875
2024 $0.195 $0.195 $0.195 $0.195 $0.780

Share Repurchase Activity

In the second quarter of 2026, Fastenal purchased 650,000 shares of its common stock at an average price of $45.72 per share. The company retains authorization to purchase up to 11,325,000 shares of common stock under the July 12, 2022 authorization. All share and per share information reflects the two-for-one stock split in each of 2019 and 2025.

Ten-Year Capital Allocation

Dividend and common stock repurchase activity during the last ten years is summarized below:

Year Total Dividends Paid Total Dividends Per Share Total Value of Common Stock Purchased Total Number of Shares Purchased Average Share Price of Common Stock Purchased
2026 $849.3 $0.740 $49.8 1,075,000 $46.33
2025 $1,004.2 $0.875 — — —
2024 $893.3 $0.780 — — —
2023 $1,016.8 $0.890 — — —
2022 $711.3 $0.620 $237.8 10,000,000 $23.79
2021 $643.7 $0.560 — — —
2020 $803.4 $0.700 $52.0 3,200,000 $16.27
2019 $498.6 $0.435 — — —
2018 $441.9 $0.385 $103.0 8,000,000 $12.88
2017 $369.1 $0.320 $82.6 7,600,000 $10.86
Ten Year Total $7,231.6 $6.305 $525.2 29,875,000 $17.58

Note: The dividends per share and total dividends paid for 2026 include the estimated impact from this announcement, calculated using the 1,147.5 million shares outstanding at June 30, 2026.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What factors might drive Fastenal to further increase the quarterly dividend rate beyond the current $0.26 per share?

How will Fastenal balance its remaining share repurchase authorization with future capital allocation priorities?

Could the recent dividend hike signal a shift in Fastenal's strategy toward returning more cash to shareholders versus reinvesting in growth?

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Fastenal publishes 2026 Impact Report on sustainability

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Reviewed by
Riya DScanX News Team
Key Highlights

Fastenal Company released its 2026 Impact Report for the year ended December 31, 2025, showcasing advancements in GHG reporting, zero waste certification, and plastic recycling. The report aligns with GRI and TCFD standards and highlights the company's improved EcoVadis score.

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Fastenal Company has published its 2026 Impact Report, outlining its environmental, social, and governance performance for the year ended December 31, 2025. The document highlights the company's progress toward three core objectives: empowering people, preserving the world, and serving as a trusted partner. A central focus of the report is the maturation of Fastenal's greenhouse gas (GHG) reporting capabilities, with significant improvements made in 2025 regarding the completeness and accuracy of its carbon inventory.

Key Sustainability Milestones

The report details several material advancements in Fastenal's sustainability operations. The company obtained limited assurance over its 2025 scope 1 and 2 GHG emissions—both location- and market-based—in early 2026. Additionally, Fastenal expanded its GHG inventory to include select material scope 3 categories, relying on reliable data for these new inclusions.

Operational Achievements

Fastenal's operational facilities and partnerships yielded notable environmental results during the period. The Wallingford, Connecticut manufacturing facility achieved certification to the SCS Certification Standard for Zero Waste, marking the first such certification for a Fastenal building. Through its Trex Plastic partnership, the company surpassed one million pounds of plastic material collected and recycled. These efforts contributed to an improved EcoVadis score, earning Fastenal a third consecutive silver medal.

Reporting Frameworks

The 2026 Impact Report was produced with reference to the Global Reporting Initiative (GRI) standards. It also utilizes the reporting framework established by the Task Force on Climate-Related Financial Disclosures (TCFD), which is now part of the IFRS Foundation. Jeff Watts, Fastenal's president and chief sales officer, emphasized that the initiatives reflect the company's long-standing focus on community and resource consciousness.

Initiative Detail
GHG Assurance Limited assurance for 2025 scope 1 and 2 emissions
GHG Inventory Expanded to include select material scope 3 categories
Zero Waste Certification Wallingford, Connecticut facility certified to SCS Standard
Plastic Recycling Surpassed one million pounds collected via Trex partnership
EcoVadis Score Improved to earn third consecutive silver medal
Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What are Fastenal's specific targets for reducing its newly assured scope 1 and 2 emissions over the next five years?

Does Fastenal plan to seek reasonable assurance for its GHG data in future reports, and what is the timeline for expanding scope 3 coverage?

Will the company look to replicate the Zero Waste certification achieved at the Wallingford facility across its other manufacturing sites?

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