11/21/2012 1:42:00 PM
NEWS BRIEFS
Fastenal Declares Special Dividend
Fastenal Co. declared a special one-time dividend of $0.50 per share to be paid in cash on December 21, 2012 to shareholders of record at the close of business on December 7, 2012.
A standard fourth quarter dividend of $0.21 is also scheduled for late November.
In 2012 Fastenal has previously paid three dividends ($0.17 in February, $0.17 in May, and $0.19 in August) with a fourth dividend of $0.21 scheduled for payment in late November.
Fastenal sales grew 10.4% to $802.6 million in the third quarter of 2012, while pre-tax earnings gained 13.2% to $175.8 million and net earnings increased 12.9% to $109.3 million.
Nine-month sales rose 14.9% to $2.4 billion, with pre-tax earnings up 18.8% to $516 million and net earnings improving 19% to $321.8 million. ©2012 GlobalFastenerNews.com
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