|
Video: What is a Stock Split?
|
|
Fastenal is engaged in the wholesale distribution of industrial and construction supplies. This includes threaded fasteners, bolts, nuts, screws, studs, and related washers, as well as miscellaneous supplies and hardware, such as pins, machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets, and related accessories. Most of Co.'s customers are in the manufacturing and non-residential construction markets. The manufacturing market includes sales of products for both original equipment manufacturing, and manufacturing, repair and operations. The non-residential construction market includes general, electrical, plumbing, sheet metal, and road contractors. According to our FAST split history records, Fastenal has had 6 splits. | |
|
Fastenal (FAST) has 6 splits in our FAST split history database. The first split for FAST took place on March 31, 1992. This was a 2 for 1
split, meaning for each share of FAST owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. FAST's second split took place on March 30, 1995. This was a 2 for 1
split, meaning for each share of FAST owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. FAST's third split took place on May 13, 2002. This was a 2 for 1 split, meaning for each share of FAST owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. FAST's 4th split took place on November 14, 2005. This was a 2 for 1 split, meaning for each share of FAST owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split. FAST's 5th split took place on May 23, 2011. This was a 2 for 1 split, meaning for each share of FAST owned pre-split, the shareholder now owned 2 shares. For example, a 16000 share position pre-split, became a 32000 share position following the split. FAST's 6th split took place on May 23, 2019. This was a 2 for 1 split, meaning for each share of FAST owned pre-split, the shareholder now owned 2 shares. For example, a 32000 share position pre-split, became a 64000 share position following the split.
When a company such as Fastenal splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the FAST split history from start to finish, an original position size of 1000 shares would have turned into 64000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Fastenal shares, starting with a $10,000 purchase of FAST, presented on a split-history-adjusted basis factoring in the complete FAST split history.
Growth of $10,000.00
With Dividends Reinvested
|
Start date: |
11/11/2014 |
|
End date: |
11/07/2024 |
|
Start price/share: |
$22.22 |
|
End price/share: |
$83.10 |
|
Starting shares: |
450.05 |
|
Ending shares: |
590.24 |
|
Dividends reinvested/share: |
$10.54 |
|
Total return: |
390.49% |
|
Average Annual Total Return: |
17.24% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$49,042.08 |
|
Years: |
10.00 |
|
|
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
11/11/2014 |
|
End date: |
11/07/2024 |
|
Start price/share: |
$22.22 |
|
End price/share: |
$83.10 |
|
Dividends collected/share: |
$10.54 |
|
Total return: |
321.42% |
|
Average Annual Total Return: |
15.48% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$42,159.60 |
|
Years: |
10.00 |
|
|
|
Date |
Ratio |
03/31/1992 | 2 for 1
| 03/30/1995 | 2 for 1
| 05/13/2002 | 2 for 1 | 11/14/2005 | 2 for 1 | 05/23/2011 | 2 for 1 | 05/23/2019 | 2 for 1 |
|
|