Fastenal Company
FASTIndustrials · Stock · quarterly payer
Forward Yield
2.11%
Annual Dividend
$0.96
Payout Ratio
79%
5-Yr Growth
11.8%
Ex-Date
Jul 28, 2026
Frequency
Quarterly
Summary
As of July 2026, Fastenal Company (FAST) yields 2.11% ($0.96 per share annually), with a blended fair-value estimate of $27.51 — -40% downside, so it screens as overvalued. Dividend safety grade: B (77/100). 14 years of dividend growth.
Is FAST a good dividend stock?
YesFastenal Company (FAST) pays a quarterly dividend yielding 2.11% ($0.96/yr), with 14 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 14 consecutive years of dividend growth
- Strong 11.8% 5-yr dividend growth
- 63% total price return over 5 years
Risks
- Cut its dividend in 2011
Key Data
- Dividend Yield
- 2.11%
- Payout Ratio
- 79%
- Annual Dividend
- $0.96
- 5-Yr Avg Growth
- 11.8%
- Ex-Dividend Date
- Jul 28, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 0.71
- Market Cap
- $51.4B
- P/E Ratio
- 38.9
- 5-Yr Total Return
- 63%
- 52-Week Range
- $38.97 – $50.63
- Dividend Safety
- B · 77/100
- Ever Cut?
- Yes (2011)
Frequently Asked Questions
FAST Price — Last 12 Months
Daily close
Price Return
1 Year
-8%
3 Years
+58%
5 Years
+63%
52-Week Range
$38.97 – $50.63
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FAST worth?
Overvaluedhigh confidenceOur blended fair-value estimate for Fastenal Company is $27.51 per share, versus a market price of $45.49. That implies 40% of downside.
Fair Value
$27.51
Current Price
$45.49
Downside
-40%
Margin of Safety
-65%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 10.8% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.9% discount rate (CAPM), 10.8% stage-1 growth, 2.5% terminal growth, $1.17 EPS, $0.96 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FAST Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 28, 2026 | — | $0.2400 | regular |
| Jan 29, 2026 | — | $0.2400 | regular |
| Oct 28, 2025 | — | $0.2200 | regular |
| Jul 29, 2025 | — | $0.2200 | regular |
| Apr 25, 2025 | — | $0.2200 | regular |
| Jan 31, 2025 | — | $0.2150 | regular |
| Oct 25, 2024 | — | $0.1950 | regular |
| Jul 26, 2024 | — | $0.1950 | regular |
| Apr 24, 2024 | — | $0.1950 | regular |
| Jan 31, 2024 | — | $0.1950 | regular |
| Dec 5, 2023 | — | $0.1900 | regular |
| Oct 25, 2023 | — | $0.1750 | regular |
| Jul 26, 2023 | — | $0.1750 | regular |
| Apr 26, 2023 | — | $0.1750 | regular |
Income Calculator
At $0.96 / yr per share
