Fastenal Company (FAST, Financial) has announced a significant development that is likely to interest investors and shareholders. On April 23, 2025, the company's board of directors approved a two-for-one stock split of its outstanding common stock. This strategic move is aimed at increasing the liquidity of Fastenal's shares and making them more accessible to a broader range of investors.
The stock split will be executed through an amendment to Fastenal's Restated Articles of Incorporation, which will also result in a proportionate increase in the number of authorized common shares. Shareholders who hold Fastenal's common stock as of the close of business on May 5, 2025, will receive one additional share for each share they own.
The stock split is scheduled to take effect at the close of business on May 21, 2025. Trading on a split-adjusted basis is expected to commence on or about May 22, 2025. This move is anticipated to enhance the trading volume and marketability of Fastenal's shares, potentially attracting more investors and increasing shareholder value.
For more detailed information and updates on Fastenal Company (FAST, Financial), visit GuruFocus.com.
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