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FASTENAL BOARD DECLARES INCREASED DIVIDEND, STOCK SPLIT

 FASTENAL BOARD DECLARES INCREASED DIVIDEND, STOCK SPLIT
 WINONA, Minn., Jan. 23 /PRNewswire/ -- The board of directors of the


Fastenal Company (NASDAQ: FAST) today declared that an annual dividend of $.06 per share be paid in cash on March 23, 1992, to shareholders of record at the close of business on March 2, 1992. The dividend represents a 20 percent increase over the 1991 annual dividend of $.05.
 The board of directors of Fastenal company today also declared a two-for-one stock split effected in the form of a 100 percent stock dividend to be distributed on March 30, 1992, to shareholders of record at the close of business on March 9, 1992. Shareholders will receive one additional share of common stock, par value $.01 per share, of Fastenal Company for each one share held on March 9, 1992. The cash dividend referred to above will be paid only with respect to shares outstanding on March 2, 1992, and will therefore not be paid with respect to shares issued as a result of the stock dividend.
 Fastenal Company sells approximately 25,000 different types of threaded fasteners and other industrial and construction supplies through 162 company-operated stores located in 22 states. Fastenal Company maintains four distribution centers from which it distributes products to its stores.
 -0- 1/23/92
 /CONTACT: Stephen M. Slaggie of Fastenal, 507-454-5374/
 (FAST) CO: Fastenal Company ST: Minnesota IN: SU: DIV


AL -- MN005 -- 2720 01/23/92 10:44 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 23, 1992
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