Elissa sells FAST 36.71: Let's take a closer look to see if exceptional dividend growth lead to exceptional investment performance.

You start with a comparatively low payout ratio, grow the business at a solid rate and then increase the payout ratio along the way. Naturally there are other ways to get there, but the process described and followed by Fastenal (NASDAQ: FAST ) over the past decade is a relatively standard example. Yet these factors alone do not preclude the security from being a reasonable investment. Today you might suspect that the dividend growth and perhaps even company growth will slow. The 200-day and 50-day moving averages have moved 0.31% lower and 0.73% lower over the past week, respectively.


Brenda:
The ex-dividend date was Friday, July 24th.

Adriene:
Stockholders of record on Tuesday, July 28th were issued a dividend of $0.28 per share.

Kayla:
On average, equities research analysts predict that Fastenal Company will post $1.81 EPS for the current year.

Dona:
During the same period last year, the company posted $0.44 earnings per share.

Marx:
Baird cut Fastenal Company from an outperform rating to a neutral rating and cut their price objective for the company from $45.00 to $44.00 in a research report on Monday, August 24th.

Concepcion:
Barclays reduced their price objective on Fastenal Company from $37.00 to $36.00 and set an underweight rating on the stock in a research note on Monday, July 13th.

Raina:
Susquehanna raised their price target on Fastenal Company from $42.00 to $43.00 and gave the company a neutral rating in a research report on Wednesday, July 15th.

Khadijah:
Stifel Nicolaus increased their price objective on Fastenal Company from $46.00 to $47.00 and gave the company a buy rating in a report on Wednesday, July 15th.

Jo:
Nance sold 15,000 shares of the stock in a transaction dated Monday, August 24th.

Hanh:
Polipnick acquired 2,500 shares of Fastenal Company stock in a transaction that occurred on Friday, July 24th.

Fastenal Company (NASDAQ:FAST)
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