Fasteners and construction supplies distributor Fastenal announced April 23 that its board of directors has approved a two-for-one stock split of the company’s outstanding common stock.

The split will be implemented through an amendment to Fastenal’s Restated Articles of Incorporation.

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A company news release detailed that shareholders who own the Fastenal common stock at the end of business on May 5 will receive one additional share for each share they hold. The stock split will become effective at the close of business on May 21, with trading expected to begin on a split-adjusted basis around May 22.

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This is Fastenal’s ninth stock split in the company’s history, and its first since May 2019. Not counting an initial 3-for-2 split in 1988, the other seven have been 2-for-1. Here are the previous dates for those stock splits:

• May 23, 2019
• May 23, 2011
• Nov. 14, 2005
• May 13, 2002
• March 30, 1995
• March 31, 1992
• Feb. 26, 1990
• Sept. 19, 1988

Fastenal reported its 2024 full-year financial results on January 17, showing that the company’s total sales grew 2.7% to $7.54 billion. Meanwhile, net profit of $1.15 billion declined by 0.4% annually.

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As of April 24, Fastenal’s share price is up nearly 15% year-to-date in 2025.

Fastenal was No. 6 on MDM’s 2024 Top Distributors Lists, for Industrial Supplies, No. 5 for MRO, No. 7 for Fluid Power, No. 1 for Fasteners, No. 2 for Safety and No. 10 for JanSan/Packaging/Disposables and No. 22 for Electrical.