Fastenal Aktie News

"Dividend Aristocrats in the S&P 500 Index… have raised their annual payouts every year for at least 25 consecutive years."--Kiplinger.com/Investing.

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Fastenal posted a slight miss in the first quarter, and said demand weakness continues to be an issue. The company is weathering a tough period relatively well, but needs customer demand to increase before it can really accelerate from here.

Lennar, one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on May 8, 2024 to holders of record at the close of business on April 24, 2024.

Dividend Aristocrat Fastenal NASDAQ: FAST fell about 5% after its Q1 release and may fall further. Not because the business is flagging but because the valuation has run up to unsustainable levels.

Shares of Fastenal (FAST) slipped Thursday as the distributor of fasteners and tools attributed lower-than-expected quarterly results to weakness in the manufacturing sector.

Fastenal Company (NASDAQ:FAST ) Q1 2024 Earnings Conference Call April 11, 2024 10:00 AM ET Company Participants Taylor Ranta - Financial Reporting & Regulatory Compliance Manager Dan Florness - President & Chief Executive Officer Holden Lewis - Chief Financial Officer Conference Call Participants Tommy Moll - Stephens Chris Snyder - UBS Stephen Volkmann - Jefferies Jacob Levinson - Melius Rese...