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Fastenal: An Excellent Dividend Paying Stock, But Valuation Is Rich (NASDAQ:FAST)

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I’ve written about investing for Seeking Alpha since 2015 and for Sure Dividend since 2018. I focus primarily on owning shares of companies that have demonstrated long histories of dividend growth. These types of companies have largely proven successful at raising dividends through multiple recessionary periods, a sign that their business models are strong enough to withstand a downturn in the economy. We are long: Energy: CVX Finance: JPM AFL MA V TDIndustrials: LMT MMM HON CMI GD RTX CAT SWK UPSTeleco: T VZConsumer Staples: KO PG GIS PEP MKC DG COST ULConsumer Discretionary: SBUX DIS NKE TGT VFC MCD HD LOWTech: MSFT APPL CSCO ADP GOOGLHealthcare : ABBV ABT JNJ CVS SYK PFE AMGN REITs: O WPCUtilities: D SO NEE DUKCEF: BME ETV

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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