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Fastenal Company is an American publicly traded company based in Winona, Minnesota, founded in 1967. It placed 479 in the 2021 Fortune 500 based on its 2020 revenues, [ 2 ] and its stock is a component of the Nasdaq 100 and S&P 500 stock market indices.
The industry is strongly tied to the production of automobiles, aircraft, appliances, agricultural machinery, commercial construction, and infrastructure. More than 200 billion fasteners are used per year in the U.S., 26 billion of these by the automotive industry. The largest distributor of fasteners in North America is the Fastenal Company. [3]
Three wingnuts. A wingnut, wing nut or butterfly nut is a type of nut with two large metal "wings", one on each side, so it can be easily tightened and loosened by hand without tools.
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W. W. Grainger, Inc., is an American Fortune 500 [5] industrial supply company founded in 1927 in Chicago by William W. (Bill) Grainger. He founded the company to provide consumers with access to a consistent supply of motors. [6]
Fastenal offers an annual dividend yield of 2.18%, which is a quarterly dividend amount of 39 cents per share ($1.56 a year). So, how can investors exploit its dividend yield to pocket a regular ...
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