FAST - Fastenal: A New Member Of The Dividend Aristocrat Club You Probably Didn't Know

2024-03-26 07:16:24 ET

Summary

• Fastenal Company has consistently returned 14.1% every year since January 2004, outperforming the S&P 500.
• Despite not being a high-tech company, the Company has a market cap of $45 billion and is headquartered in a small town in Minnesota.
• FAST recently became a Dividend Aristocrat, making it an attractive investment for dividend-focused investors.

Introduction

It's time to discuss a company I put on my watchlist earlier this month. That company is the Fastenal Company ( FAST ) , a stock that has returned 14.1% every year since January 2004.

The company, which currently has a $45 billion market cap, has crushed the 590% return of the S&P 500 during this period.

Even better, it's not even a fancy high-tech company headquartered in a sunny Silicon Valley city, which proves that we can find bangers in plenty of other areas as well....

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