Fastenal: Dividend Insights
Portfolio Pulse from Benzinga Insights
Fastenal (NASDAQ:FAST) has announced a quarterly dividend of 39 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning FAST stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on February 29, 2024. The stock is expected to open 39 cents lower on the ex-dividend date to reflect the payout.
January 26, 2024 | 2:45 pm
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Fastenal will pay a quarterly dividend of 39 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price of Fastenal is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend, reflecting the reduction in company assets paid out to shareholders.
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