By Connor Hart
Fastenal increased its dividend by 1 cent, to 44 cents.
The new payout, equal to $1.76 a year, represents an annual yield of about 2.3% based on Thursday's closing price of $75.79.
The higher dividend will be paid on May 23 to shareholders of record as of April 25, the industrial- and construction-supplies maker said.
The Winona, Minn., is scheduled to release its first-quarter results before the start of trading on Friday.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
April 10, 2025 16:16 ET (20:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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