If you want a case study for the anatomy of exceptional dividend growth, this would be the company. Back in 2005 they had a low payout ratio and were growing top and bottom lines, and then they increased the payout ratio. Their dividend in 2005 went to $0.16 a share, and then went to $1 per share in 2014, a 23% dividend growth per share in 10 years. The dividend is secure although it is growing at a slower rate.
(Market Call Minute.) Great, great company in the past. Has a very high valuation. Stock is expensive.
Fastenal Company is a American stock, trading under the symbol FAST-Q on the NASDAQ (FAST). It is usually referred to as NASDAQ:FAST or FAST-Q
In the last year, there was no coverage of Fastenal Company published on Stockchase.
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0 stock analysts on Stockchase covered Fastenal Company In the last year. It is a trending stock that is worth watching.
On 2023-12-07, Fastenal Company (FAST-Q) stock closed at a price of $62.36.