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's RSI Indicator ascending out of oversold territory
The RSI Indicator for FAST moved out of oversold territory on September 22, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 25 similar instances when the indicator left oversold territory. In of the 25 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Momentum Indicator moved above the 0 level on September 25, 2023. You may want to consider a long position or call options on FAST as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FAST advanced for three days, in of 336 cases, the price rose further within the following month. The odds of a continued upward trend are .
FAST may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for FAST turned negative on September 05, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
FAST moved below its 50-day moving average on September 01, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FAST crossed bearishly below the 50-day moving average on August 21, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 .
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 60, placing this stock better than average.
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. FAST’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 (9.259) is very high in comparison to the industry average of (3.708). P/E Ratio (27.933) is within average values for comparable stocks, (22.545). Projected Growth (PEG Ratio) (2.977) is also within normal values, averaging (3.545). Dividend Yield (0.025) settles around the average of (0.027) among similar stocks. FAST's P/S Ratio (4.338) is very high in comparison to the industry average of (1.351).
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Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an operator of industrial hardware supply stores
Industry WholesaleDistributors
FAST and
Correlation & Price change
A.I.dvisor indicates that over the last year, FAST has been closely correlated with GWW. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if FAST jumps, then GWW could also see price increases.
| Ticker / NAME | Correlation To FAST | 1D Price Change % | ||
|---|---|---|---|---|
| FAST | 100% | -0.60% | ||
| GWW - FAST | 81% Closely correlated | -0.63% | ||
| MSM - FAST | 73% Closely correlated | -0.09% | ||
| WSO - FAST | 67% Closely correlated | -1.19% | ||
| FERG - FAST | 63% Loosely correlated | +4.73% | ||
| POOL - FAST | 60% Loosely correlated | -2.49% | ||
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