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.
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