On July 10, Fastenal (FAST) increased its dividend by 8.33%, from 24¢ to 26¢ per share.
The dividend is payable on August 25 to shareholders of record on July 28.
FAST's contribution to DivGro's projected annual dividend income will increase by $20 to $260.
Created by the author
I own 250 shares of FAST at an average cost basis of $42.50/share. Following this increase, my yield on cost is 2.45%. (The stock's forward yield is 2.24% at $46.49/share.)
Since I opened my position in November 2025, the stock has delivered a total return of 11%, including dividends of $120.
| 2021 | 2022 | 2023 | 2024 | 2025 | • | 2026 |
| $0.560 | $0.620 | $0.700 | $0.780 | $0.875 | ⬆ | $1.000✝ |
| 12.00% | 10.71% | 12.90% | 11.43% | 12.18% | ⬆ | 14.29% |
| 5-year DGR: | 11.84% | ⬆ | 12.30% | |||
✝projected, assuming no further changes
Created by the author
FAST's quality score is 7.7, which I rate Excellent. The Simply Safe Dividends score of 81 places FAST in the Very Safe band. One caution: FAST's Safety factor is 4.0, a yellow flag worth keeping in mind.
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