Summary
- Fastenal is a Dividend Contender with 23 consecutive years of dividend growth. Shares currently yield 2.61%.
- Fastenal is one of those boring, under-the-radar businesses that allow for manufacturing and construction to operate smoothly.
- Fastenal has little disruption risk as there's not much innovation to be had around screws, washers, nuts, and bolts.
- Fastenal's strong balance sheet should allow them to weather any upcoming economic storms and likely come out stronger on the other side.
For further details see:
Fastenal: Built To Last, But Not A Buy Yet