5 Best Industrial Distribution Stocks to Buy Now

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In this article, we will take a look at the 5 best industrial dividend stocks to buy now. To read our analysis of the recent trends, and market activity, you can go to the 10 Best Industrial Distribution Stocks to Buy Now.

5. Fastenal Company (NASDAQ:FAST)

Number of Hedge Fund Holders: 33

Winona, Minnesota-based Fastenal Company (NASDAQ:FAST) is a leading wholesale distributor of industrial and construction supplies with a focus on fasteners, safety supplies, and other smaller product categories such as janitorial supplies, and cutting tools. Its products are sold in 25 countries through a network of more than 3,300 in-market locations.

On May 4, Fastenal Company (NASDAQ:FAST) released its sales figures for the month of April. Its net sales maintained their upward trajectory and increased by 2.7% y-o-y to $586 million during the month.

Fastenal Company (NASDAQ:FAST) has paid regular quarterly dividends since 2011 and the dividend payouts have grown at a CAGR of 10.8% over the last 10 years. Currently, the company pays a regular quarterly dividend of $0.35 per share.

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