Fastenal ($FAST) Set to Pay Dividends on August 24, 2023: A Technical Analysis
Fastenal Company (NASDAQ: FAST), a leading industrial supply company, has announced its intention to pay out dividends in the coming months. The company is renowned for its consistency in distributing dividends to shareholders, and the upcoming disbursement will not deviate from this trend. This article provides a detailed analysis of the upcoming dividend, its context, and what it means for investors.
On May 25, 2023, Fastenal paid its most recent dividend of $0.35 per share. The company has maintained this figure for its next dividend, set to be paid on August 24, 2023. The upcoming dividend has a record date of the same day and an ex-dividend date of July 26, 2023.
The ex-dividend date is a crucial concept in dividend payments. It is the cutoff point to decide who is eligible to receive a company's dividend. If a stock is purchased on its ex-dividend date or after, the buyer does not receive the upcoming dividend payment. Instead, the dividend is given to the seller. In Fastenal's case, anyone who purchases FAST shares on July 26, 2023, or later will not be eligible for the August 24 dividend.
Therefore, investors seeking to receive the next dividend from Fastenal should ensure they own FAST shares before July 26, 2023. Buying shares after the ex-dividend date means missing out on the dividend payment, as the dividends are technically repossessed by the seller.
Fastenal's stable dividend payout is a positive sign for investors, indicating the company's financial health and a robust cash flow. A company's ability to regularly pay dividends demonstrates the sustainability of its business model and its commitment to returning capital to shareholders. Fastenal's decision to maintain its dividend at $0.35 per share reinforces this position.
Moreover, Fastenal's dividends can offer investors a steady income, making it an attractive choice for income-focused investors. Such payments are particularly beneficial in periods of market volatility, as they provide a consistent return while the value of the shares may fluctuate.
Fastenal's forthcoming dividend payment, coupled with its solid track record of regular payouts, positions the company as a compelling option for investors seeking reliable returns. Potential investors interested in receiving this dividend should note the ex-dividend date of July 26, 2023, and make their purchase decisions accordingly.
FAST in upward trend: 10-day moving average crossed above 50-day moving average on June 05, 2026
The 10-day moving average for FAST crossed bullishly above the 50-day moving average on June 05, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 25, 2026. You may want to consider a long position or call options on FAST as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FAST just turned positive on June 25, 2026. Looking at past instances where FAST's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
FAST moved above its 50-day moving average on June 18, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FAST advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 248 cases where FAST Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FAST declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FAST broke above its upper Bollinger Band on June 30, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. FAST’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: FAST's P/B Ratio (13.280) is slightly higher than the industry average of (5.197). P/E Ratio (40.814) is within average values for comparable stocks, (152.663). FAST's Projected Growth (PEG Ratio) (3.326) is slightly higher than the industry average of (2.099). Dividend Yield (0.020) settles around the average of (0.019) among similar stocks. FAST's P/S Ratio (6.285) is very high in comparison to the industry average of (1.661).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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General Information
an operator of industrial hardware supply stores
Industry ElectronicsDistributors
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