The Nuts and Bolts of Fastenal's Attractive Dividend
The industrial distributor--a recent addition to the Morningstar DividendInvestor portfolio--has plenty of headroom for earnings and dividend growth, says Morningstar's Josh Peters.
Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. I'm joined today by Josh Peters. He is the editor of Morningstar DividendInvestor newsletter and also our director of equity-income strategy. He recently picked up some shares of Fastenal (FAST). We're going to talk about what attracted him to the stock. Josh, thanks for joining me.
Josh Peters: Thanks for having me here, Jeremy.
Josh Peters, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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