The Fastenal Company of Winona, MN FAST announced today that its board of directors approved a two-for-one stock split of the Company's outstanding common stock.
Holders of the Company's common stock of record at the close of business on May 2, 2011, will receive one additional share of common stock for every share of common stock they own. The stock split will take effect at the close of business on May 20, 2011. As of today, there are 147,430,712 shares of the Company's common stock outstanding. After the split, assuming no additional shares are issued in the interim, this will become 294,861,424.
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