FAST - Here's How This Dividend Growth Machine Puts Customers First
2023-08-02 05:59:00 ET
Fastenal (NASDAQ: FAST) is a standout as a dividend stock. Not only has it increased its payout annually for roughly a quarter century, but the average annualized dividend increase over the past decade also was a very attractive 14%.
You don't create a record like that by accident. There are many positive financial attributes that can be highlighted here, but one that is hard to see is the success it has created by being a good partner to its customers.
A company with a long history of success likely has a good business model. Fastenal sells small products, like fasteners and tools, that are used on a regular basis by its industrial customers.
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Here's How This Dividend Growth Machine Puts Customers First