High-Quality Dividend Stock Universe: Fastenal Company - In Need Of A Moderate Pullback

Oct. 14, 2024 5:12 AM ETFastenal Company (FAST) Stock
(9min)

Summary

  • Fastenal reported better than expected Q3 earnings, resulting in a 10% jump in stock price.
  • Fastenal has returned more than 51,000% since inception, equating to a CAGR of almost 20%.
  • Earlier this year, the company achieved dividend champion status, but the rising payout ratio is something investors should monitor.

Fastenal industrial products and services distributor. Fastenal resells industrial, safety, and construction supplies.

jetcityimage

Company Description

Fastenal Company (NASDAQ:FAST) is a leader in the distribution of industrial and construction supplies. The company has a market cap of more than $40B and employs more than 21,000 people. Fastenal had its initial public offering in early

This article was written by

I have a masters degree in Analytics from Northwestern University and a bachelors degree in Accounting. I have worked in the investment arena for over 10 years starting as an analyst and working my way up to a management role. Dividend investing is a personal hobby and I look forward to sharing my thoughts with the Seeking Alpha community.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of FAST either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About FAST Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on FAST

Related Stocks

SymbolLast Price% Chg
FAST
--