Fastenal Dividend Increase

On July 10, Fastenal (FAST) increased its dividend by 8.33%, from 24¢ to 26¢ per share.

The dividend is payable on August 25 to shareholders of record on July 28.

FAST's contribution to DivGro's projected annual dividend income will increase by $20 to $260.

Created by the author

I own 250 shares of FAST at an average cost basis of $42.50/share. Following this increase, my yield on cost is 2.45%. (The stock's forward yield is 2.24% at $46.49/share.)

Since I opened my position in November 2025, the stock has delivered a total return of 11%, including dividends of $120.

5-Year History of Dividend Payouts by Ex-Date

✝projected, assuming no further changes

Created by the author

FAST's quality score is 7.7, which I rate Excellent. The Simply Safe Dividends score of 81 places FAST in the Very Safe band. One caution: FAST's Safety factor is 4.0, a yellow flag worth keeping in mind.