Fastenal Company
FASTIndustrials · Industrial Distribution · Stock · quarterly payer
Forward Yield
1.97%
Annual Dividend
$1.04
Payout Ratio
78%
5-Yr Growth
11.8%
Ex-Date
Oct 28, 2026
Frequency
Quarterly
Key facts about FAST's dividend
Data as of · Source: SmarterDividends data
- As of Oct 23, 2026, Fastenal Company (FAST) has a forward dividend yield of 1.97%, based on an annual dividend of $1.04 per share and a share price of $52.73.
- As of Oct 23, 2026, FAST's dividend safety grade from SmarterDividends is B (77 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, Fastenal Company (FAST) has raised its dividend for 14 consecutive years as of Oct 23, 2026.
- FAST last cut its regular dividend in 2011.
- FAST's next ex-dividend date is Oct 28, 2026, with payment on Nov 25, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 23, 2026, FAST pays out 78% of its trailing 12-month earnings as dividends (its payout ratio).
- FAST's dividend has grown at an average rate of 11.8% a year over the past five years.
- As of Oct 23, 2026, FAST's 1.97% yield is 17% below its five-year average yield of 2.38%.
- As of Oct 23, 2026, SmarterDividends' blended fair-value estimate for FAST is $27.20 per share, 48% below the $52.73 share price, so FAST screens as overvalued.
- Fastenal Company (FAST) pays its dividend quarterly, 4 times a year.
- Fastenal Company (FAST) has raised its regular dividend 43 times and cut it 2 times across the 96 payments on record since 1991. Its most recent change was a 8.3% increase to $0.260 per share, going ex-dividend on Jul 28, 2026. The last cut went ex-dividend on Jan 30, 2013.
- Fastenal (FAST) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 8.3%, was declared on Jul 10, 2026.
Cite this page
SmarterDividends, "FAST Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 23, 2026, https://smarterdividends.com/stocks/FAST
Summary
As of Oct 23, 2026, Fastenal Company (FAST) yields 1.97% ($1.04 a year per share), has a dividend safety grade of B (77/100) and has 14 consecutive years of dividend increases on record.
Is FAST a good dividend stock?
YesFastenal Company (FAST) pays a quarterly dividend yielding 1.97% ($1.04/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
- 72% total price return over 5 years
Risks
- Cut its dividend in 2011
Key Data
- Dividend Yield
- 1.97%
- Payout Ratio
- 78%
- Annual Dividend
- $1.04
- 5-Yr Avg Growth
- 11.8%
- Ex-Dividend Date
- Oct 28, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 0.69
- Market Cap
- $60.5B
- P/E Ratio
- 42.9
- 5-Yr Total Return
- 72%
- 52-Week Range
- $38.97 – $52.92
- Dividend Safety
- B · 77/100
- Ever Cut?
- Yes (2011)
FAST dividend raises and cuts
Fastenal Company (FAST) has raised its regular dividend 43 times and cut it 2 times across the 96 payments on record since 1991. Its most recent change was a 8.3% increase to $0.260 per share, going ex-dividend on Jul 28, 2026. The last cut went ex-dividend on Jan 30, 2013.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jul 28, 2026 | Raise | $0.240 → $0.260 | +8.3% |
| Jan 29, 2026 | Raise | $0.220 → $0.240 | +9.1% |
| Apr 25, 2025 | Raise | $0.215 → $0.220 | +2.3% |
| Jan 31, 2025 | Raise | $0.195 → $0.215 | +10.3% |
| Jan 31, 2024 | Raise | $0.190 → $0.195 | +2.6% |
| Dec 5, 2023 | Raise | $0.175 → $0.190 | +8.6% |
| Feb 1, 2023 | Raise | $0.155 → $0.175 | +12.9% |
| Feb 1, 2022 | Raise | $0.140 → $0.155 | +10.7% |
| Feb 2, 2021 | Raise | $0.125 → $0.140 | +12.0% |
| Jan 30, 2020 | Raise | $0.110 → $0.125 | +13.6% |
| Jul 24, 2019 | Raise | $0.108 → $0.110 | +2.3% |
| Jan 30, 2019 | Raise | $0.100 → $0.108 | +7.5% |
Show all 45 changes since 1992
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jul 24, 2018 | Raise | $0.0925 → $0.100 | +8.1% |
| Jan 30, 2018 | Raise | $0.0800 → $0.0925 | +15.6% |
| Jan 30, 2017 | Raise | $0.0750 → $0.0800 | +6.7% |
| Jan 27, 2016 | Raise | $0.0700 → $0.0750 | +7.1% |
| Jan 28, 2015 | Raise | $0.0625 → $0.0700 | +12.0% |
| Jul 24, 2013 | Raise | $0.0500 → $0.0625 | +25.0% |
| Apr 30, 2013 | Raise | $0.0250 → $0.0500 | +100.0% |
| Jan 30, 2013 | Cut | $0.0525 → $0.0250 | −52.4% |
| Oct 25, 2012 | Raise | $0.0475 → $0.0525 | +10.5% |
| Jul 25, 2012 | Raise | $0.0425 → $0.0475 | +11.8% |
| Jan 30, 2012 | Raise | $0.0350 → $0.0425 | +21.4% |
| Oct 24, 2011 | Raise | $0.0325 → $0.0350 | +7.7% |
| Apr 13, 2011 | Cut | $0.0625 → $0.0325 | −48.0% |
| Feb 11, 2011 | Raise | $0.0525 → $0.0625 | +19.0% |
| Aug 18, 2010 | Raise | $0.0500 → $0.0525 | +5.0% |
| Feb 10, 2010 | Raise | $0.0463 → $0.0500 | +8.1% |
| Aug 13, 2009 | Raise | $0.0438 → $0.0463 | +5.7% |
| Feb 11, 2009 | Raise | $0.0338 → $0.0438 | +29.6% |
| Aug 14, 2008 | Raise | $0.0313 → $0.0338 | +8.0% |
| Feb 21, 2008 | Raise | $0.0288 → $0.0313 | +8.7% |
| Aug 16, 2007 | Raise | $0.0263 → $0.0288 | +9.5% |
| Feb 22, 2007 | Raise | $0.0250 → $0.0263 | +5.0% |
| Feb 15, 2006 | Raise | $0.0194 → $0.0250 | +29.0% |
| Feb 16, 2005 | Raise | $0.0156 → $0.0194 | +24.0% |
| Aug 19, 2004 | Raise | $0.0094 → $0.0156 | +66.7% |
| Sep 24, 2003 | Raise | $0.0038 → $0.0094 | +150.0% |
| Feb 19, 2003 | Raise | $0.0031 → $0.0038 | +20.0% |
| Feb 20, 2002 | Raise | $0.0028 → $0.0031 | +11.1% |
| Feb 21, 2001 | Raise | $0.0025 → $0.0028 | +12.5% |
| Feb 23, 2000 | Raise | $0.0013 → $0.0025 | +100.0% |
| Feb 24, 1999 | Raise | $0.0006 → $0.0013 | +100.0% |
| Mar 2, 1994 | Raise | $0.0005 → $0.0006 | +33.3% |
| Feb 25, 1992 | Raise | $0.0004 → $0.0005 | +19.9% |
Frequently Asked Questions
Is FAST a good dividend stock?
Yes. Fastenal Company (FAST) pays a quarterly dividend yielding 1.97% ($1.04/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.
Is FAST undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FAST's fair value is about $27.20 versus a $52.73 share price — so it looks overvalued (-48% vs. fair value).
Is FAST's dividend safe?
FAST has a dividend-safety grade of B (77/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a dividend cut in 2011, debt and yield-versus-history.
What is FAST's fair value?
Our blended fair-value estimate for FAST is about $27.20 per share, about 48% below the current $52.73 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is FAST a buy, hold, or sell?
We don't issue formal ratings, but on the data FAST screens as "yes" and overvalued. Fastenal Company (FAST) pays a quarterly dividend yielding 1.97% ($1.04/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. This is research for your own analysis, not investment advice.
Will FAST cut its dividend?
FAST earns a dividend-safety grade of B (77/100), and has cut its dividend before (last in 2011). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does FAST pay a dividend?
Yes. Fastenal Company pays a quarterly dividend of about $1.04 per share annually, a forward yield of roughly 1.97%.
What is FAST's dividend yield?
As of Oct 23, 2026, FAST's forward dividend yield is 1.97%, based on a $1.04 annual dividend and a $52.73 share price.
What is FAST's dividend per share?
As of Oct 23, 2026, FAST pays $1.04 per share per year, distributed on a quarterly basis.
What is FAST's dividend payout ratio?
As of Oct 23, 2026, FAST's payout ratio is 78% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has FAST grown its dividend?
As of Oct 23, 2026, FAST has increased its dividend for 14 consecutive years.
When is the next FAST ex-dividend date?
As of Oct 23, 2026, the next ex-dividend date on record for FAST is Oct 28, 2026.
FAST Price — Last 12 Months
Daily close
Price Return
1 Year
+26%
3 Years
+70%
5 Years
+72%
52-Week Range
$38.97 – $52.92
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 $27.20 per share, versus a market price of $52.73. That implies 48% of downside.
Fair Value
$27.20
Current Price
$52.73
Downside
-48%
Margin of Safety
-94%
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 21.5% annual free-cash-flow growth. We model 8.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 8.9% growth for five years fading to 2.5% over the next five, $1.23 EPS, $1.04 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
Full FAST dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 28, 2026 | Aug 25, 2026 | $0.2600 | regular |
| Apr 28, 2026 | May 26, 2026 | $0.2400 | regular |
| Jan 29, 2026 | Feb 26, 2026 | $0.2400 | regular |
| Oct 28, 2025 | Nov 25, 2025 | $0.2200 | regular |
| Jul 29, 2025 | Aug 26, 2025 | $0.2200 | regular |
| Apr 25, 2025 | May 23, 2025 | $0.2200 | regular |
| Jan 31, 2025 | Feb 28, 2025 | $0.2150 | regular |
| Oct 25, 2024 | Nov 22, 2024 | $0.1950 | regular |
| Jul 26, 2024 | Aug 23, 2024 | $0.1950 | regular |
| Apr 24, 2024 | May 23, 2024 | $0.1950 | regular |
| Jan 31, 2024 | Feb 29, 2024 | $0.1950 | regular |
| Dec 5, 2023 | Dec 20, 2023 | $0.1900 | regular |
| Oct 25, 2023 | Nov 24, 2023 | $0.1750 | regular |
| Jul 26, 2023 | Aug 24, 2023 | $0.1750 | regular |
Income Calculator
At $1.04 / yr per share
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