By Connor Hart
Fastenal's board approved a two-for-one stock split that will go into effect next month.
The fastener maker said Wednesday that the split will take effect after the close on May 21, with trading expected to begin on a split-adjusted basis on or about May 22.
Shareholders of record as of May 5 will receive one additional share of common stock for every share of common stock they own.
Shares rose 1.4% in after-hours trading following news of the split. Through the regular session's close the stock has gained 18% in the past year.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
April 23, 2025 17:25 ET (21:25 GMT)
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