Fastenal Company

FAST
IndustrialsDividend Aristocrat
$43.94
1.63%Overvalued

Fastenal Company (FAST) is a Industrials company that currently yields 1.63% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $20.85 and the overvaluation threshold at $40.10. Fastenal Company holds a quality score of 45/100 (Average), reflecting 25 consecutive years of dividend growth with a 80% payout ratio. The 5-year dividend CAGR stands at 18.2%.

FAST Dividend Yield History — Weiss Valuation

Underval. $20.85Overval. $40.10

Distance to undervalued

Entry price is stretched

Needs 52.6% downside to reach the Weiss buy zone

Undervaluation starts near $20.85, where the annual dividend would imply roughly 3.43% yield. That is 1.80% above today's yield.

Buy-zone price

$20.85

Target yield

3.43%

Research checklist

What to clear before buying the yield

Updated May 25, 2026

Dividend durability

25Y

Long dividend history supports a deeper look.

Earnings payout

80%

Coverage deserves a closer look in filings.

Cash payout

117%

Confirm cash conversion and one-off effects.

Dividend growth

18.2%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-05-232026-05-25

No major change in signal, yield, price, quality, or payout since the last update.

Why Now?

Fastenal Company is trading near its historical overvaluation band.

Current yield 1.6% vs historical max 3.5% (47% of maximum).

10 consecutive years without a dividend cut.

Elevated payout ratio of 80%.

What matters now

Read the signal before the headline yield

Valuation is the brake here: the yield is compressed versus its own history.

The 45/100 quality score says the headline yield needs extra skepticism.

Free cash flow payout is above 100%, so cash coverage is the first risk to unpack.

FAST Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$192

Year 10 Income

$1,244

Yield on Cost

13.51%

Total Income

$5,600

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

More research

Full price history & technical analysis

TradingView ↗

Fundamentals, valuation & analyst ratings

FinViz ↗

Moat rating & analyst fair value

Morningstar ↗

FAST Dividend Quality Score

Quality Score

45/ 100

Average

Payout Ratio5/25
Dividend Streak20/25
Growth (CAGR 5Y)20/20
Yield vs History0/15
FCF Coverage0/15

Key Metrics

Current Price$43.94
Annual Dividend$0.71
Current Yield1.63%
Yield — Max (10Y)3.46%
Yield — Min (10Y)1.81%
Undervalued Below$20.85
Overvalued Above$40.10
Payout Ratio79.65%
CAGR Dividend 5Y18.2%
CAGR Dividend 10Y16.1%
Years No Cut10y

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25
consecutive years of dividend growth