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Fastenal Company Announces Cash Dividend



Fastenal Company Announces Cash Dividend

WINONA, Minn., April 10, 2013 (GLOBE NEWSWIRE) -- The Fastenal Company of
Winona, MN (Nasdaq:FAST) reported its Board of Directors declared a dividend
of $0.20 per share to be paid in cash on May 30, 2013 to shareholders of
record at the close of business on May 2, 2013.

Fastenal began paying an annual dividend in 1991, expanded to a semi-annual
dividend in 2003, and then switched to a quarterly dividend in 2011. In 2012,
we paid four quarterly dividends of $0.17 in February, $0.17 in May, $0.19 in
August, $0.21 in November, and then paid a special supplemental dividend of
$0.50 in December. Our dividend payment in the first quarter of 2013 (paid in
February) was $0.10 per share. We lowered this dividend payment to partially
replenish our cash reserves after the large supplemental dividend payment late
in 2012 and to also prepare for the significant capital expenditures we expect
in 2013 related to the expanded vending rollout and to distribution
automation. We still anticipate the need to draw upon our line of credit
during 2013; however, we now believe our cash reserve is at a level to support
a second quarter dividend payment more in line with the quarterly dividend
amounts paid in 2012.

Our Board of Directors intends to continue paying quarterly dividends,
provided that any future determination as to payment of dividends will depend
upon the financial condition and results of operations of the Company and such
other factors as are deemed relevant by the Board of Directors, such as
dividend tax rates.

Dividend and stock repurchase activity in the last ten years are as follows:

                                               Total        
                                               value of    Per share
              Total        Dividends per share repurchased price of
     Dividend dividends    Regular   Total     shares      repurchased
Year payments paid (000's) dividend  dividend  (000's)     shares
                                                            
2013 Two^1     $ 89,000    $ 0.30    $ 0.30    $ —         $ —
2012 Five^2    $ 367,306   $ 0.74    $ 1.24    $ —         $ —
2011 Four      $ 191,741   $ 0.65    $ 0.65    $ —         $ —
2010 Three^2   $ 182,814   $ 0.41    $ 0.62    $ —         $ —
2009 Two       $ 106,943   $ 0.36    $ 0.36     $ 41,104    $ 18.69
2008 Three^2   $ 117,474   $ 0.26    $ 0.395    $ 25,958    $ 22.00
2007 Two       $ 66,216    $ 0.22    $ 0.22     $ 87,312    $ 20.93
2006 Two       $ 60,548    $ 0.20    $ 0.20     $ 17,294    $ 18.25
2005 Two       $ 46,935    $ 0.155   $ 0.155    $ 18,739    $ 13.38
2004 Two       $ 30,350    $ 0.10    $ 0.10    $ —         $ —

^1 The total dividends paid amount includes the estimated impact from this
announcement. The estimate is calculated using the 296.7 million shares
outstanding at the end of the previous quarter.

^2 There was a supplemental dividend paid in December 2012, 2010, and 2008.

All per share information reflects the two-for-one stock splits in both 2011
and 2005.

Fastenal sells different types of industrial and construction supplies in the
following product categories: threaded fasteners and miscellaneous supplies;
tools; metal cutting tool blades and abrasives; fluid transfer components and
accessories for hydraulic and pneumatic power; material handling; storage and
packaging products; janitorial, chemical and paint products; electrical
supplies; welding supplies; safety supplies; metals, alloys and materials; and
office supplies.

Additional information regarding Fastenal is available on the Fastenal Company
World Wide Web site at www.fastenal.com.

The Fastenal Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6432.

This press release contains statements that are not historical in nature and
that are intended to be, and are hereby identified as, "forward-looking
statements" as defined in the Private Securities Litigation Reform Act of
1995, including a statement regarding expectations as to payment of a
quarterly cash dividend in the foreseeable future. Any future determination as
to payment of dividends will depend upon the financial condition and results
of operations of the Company and such other factors as are deemed relevant by
the Board of Directors. For example, a change in business needs including
working capital and funding for acquisitions, or a change in tax law relating
to dividends, could cause the Company to decide not to pay a dividend in the
future. A discussion of other risks and uncertainties is included in the
Company's 2012 annual report on Form 10-K under the section captioned "Risk
Factors" and the Company's 2012 annual and 2013 quarterly reports under the
section captioned "Management's Discussion and Analysis of Financial Condition
and Results of Operations." FAST-D

CONTACT: Sheryl Lisowski
         Controller
         507.453.8550

Fastenal Company Logo
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