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Fastenal Company Announces Cash Dividend

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WINONA, Minn.--(BUSINESS WIRE)-- Fastenal Company (Nasdaq:FAST) ('Fastenal', 'we', 'our', or 'us') reported its board of directors declared a dividend of $0.22 per share to be paid in cash on August 26, 2025 to shareholders of record at the close of business on July 29, 2025. Except for share and per share information, dollar amounts are stated in millions. Share and per share information in this release has been adjusted to reflect a previously announced two-for-one stock split which took effect at the close of business on May 21, 2025.

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 determinations 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

Ìý

First
Quarter

Ìý

Second
Quarter

Ìý

Third
Quarter

Ìý

Fourth
Quarter

Ìý

Sub-Total
(Regular)

Fourth
Quarter
(Special)

Ìý

Total

2025

Ìý

$

0.215

Ìý

$

0.220

Ìý

$

0.220

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

2024

Ìý

$

0.195

Ìý

$

0.195

Ìý

$

0.195

Ìý

$

0.195

Ìý

$

0.780

$

�

Ìý

$

0.780

2023

Ìý

$

0.175

Ìý

$

0.175

Ìý

$

0.175

Ìý

$

0.175

Ìý

$

0.700

$

0.190

Ìý

$

0.890

Dividend and common stock repurchase activity during the last ten years is as follows:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Average Per

Ìý

Ìý

Total

Dividends per Share

Total Value of

Total Number

Share Price of

Ìý

Dividend

Dividends

Regular

Ìý

Special

Ìý

Total

Ìý

Common Stock

of Shares

Common Stock

Year

Payments

Paid

Dividend

Ìý

Dividend

Ìý

Dividend

Ìý

Purchased

Purchased

Purchased

2025

Three (1)

Ìý

$

751.5

Ìý

Ìý

$

0.655

Ìý

Ìý

$

�

Ìý

$

0.655

Ìý

Ìý

$

�

Ìý

Ìý

�

Ìý

Ìý

$

�

Ìý

2024

Four

Ìý

$

893.3

Ìý

Ìý

$

0.780

Ìý

Ìý

$

�

Ìý

$

0.780

Ìý

Ìý

$

�

Ìý

Ìý

�

Ìý

Ìý

$

�

Ìý

2023

Five (2)

Ìý

$

1,016.8

Ìý

Ìý

$

0.700

Ìý

Ìý

$

0.190

Ìý

$

0.890

Ìý

Ìý

$

�

Ìý

Ìý

�

Ìý

Ìý

$

�

Ìý

2022

Four

Ìý

$

711.3

Ìý

Ìý

$

0.620

Ìý

Ìý

$

�

Ìý

$

0.620

Ìý

Ìý

$

237.8

Ìý

Ìý

10,000,000

Ìý

Ìý

$

23.79

Ìý

2021

Four

Ìý

$

643.7

Ìý

Ìý

$

0.560

Ìý

Ìý

$

�

Ìý

$

0.560

Ìý

Ìý

$

�

Ìý

Ìý

�

Ìý

Ìý

$

�

Ìý

2020

Five (2)

Ìý

$

803.4

Ìý

Ìý

$

0.500

Ìý

Ìý

$

0.200

Ìý

$

0.700

Ìý

Ìý

$

52.0

Ìý

Ìý

3,200,000

Ìý

Ìý

$

16.27

Ìý

2019

Four

Ìý

$

498.6

Ìý

Ìý

$

0.435

Ìý

Ìý

$

�

Ìý

$

0.435

Ìý

Ìý

$

�

Ìý

Ìý

�

Ìý

Ìý

$

�

Ìý

2018

Four

Ìý

$

441.9

Ìý

Ìý

$

0.385

Ìý

Ìý

$

�

Ìý

$

0.385

Ìý

Ìý

$

103.0

Ìý

Ìý

8,000,000

Ìý

Ìý

$

12.88

Ìý

2017

Four

Ìý

$

369.1

Ìý

Ìý

$

0.320

Ìý

Ìý

$

�

Ìý

$

0.320

Ìý

Ìý

$

82.6

Ìý

Ìý

7,600,000

Ìý

Ìý

$

10.86

Ìý

2016

Four

Ìý

$

346.6

Ìý

Ìý

$

0.300

Ìý

Ìý

$

�

Ìý

$

0.300

Ìý

Ìý

$

59.5

Ìý

Ìý

6,400,000

Ìý

Ìý

$

9.29

Ìý

Ten Year Total

Ìý

Ìý

$

6,476.2

Ìý

Ìý

$

5.255

Ìý

Ìý

$

0.390

Ìý

$

5.645

Ìý

Ìý

$

534.9

Ìý

Ìý

35,200,000

Ìý

Ìý

$

15.20

Ìý

(1)

The Total Dividends Paid amount includes the estimated impact from this announcement. The estimate is calculated using the 1,147.6 million shares outstanding at June 30, 2025.

(2)

There was a supplemental dividend paid in December 2020 and December 2023.

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

We have authority to purchase up to 12,400,000 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 each of 2019 and 2025.

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 .

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 statements regarding expectations as to payment of a quarterly cash dividend and stock repurchase activity in the foreseeable future. Any future determination as to payment of dividends or stock repurchases 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. FAST-D

Dray Schreiber

Financial Reporting & Regulatory Compliance Manager

507.313.7324

Source: Fastenal Company

Fastenal Co

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Industrial Distribution
Retail-building Materials, Hardware, Garden Supply
United States
WINONA