Fastenal

Fastenal is a leading industrial and construction supplies distributor in North America, selling fasteners, tools, safety equipment and related products. Its edge lies in a dense network of branches, on-site locations and vending machines placed directly inside customer facilities, which keeps it embedded in the daily operations of manufacturers and builders. Fastenal has a long record of steady dividend growth and periodically adds special payments when cash allows. The yield is modest, but the payout has risen consistently, funded by dependable earnings and a strong balance sheet. The combination of reliable growth, occasional extras and a resilient business gives Fastenal a strong dividend profile geared toward compounding income over time rather than high immediate yield.