Fastenal's Share Price Outpaces Earnings Growth, Driven by Dividend Payments and Optimism in the Market

Fastenal's (NASDAQ:FAST) share price has risen 72% in the last three years, slightly above the market return. The company's earnings per share grew at a rate of 4.6% per year over this period. The stock's strong performance can be attributed to a re-rating by the market after several years of growth, as well as significant insider buying. The total shareholder return, including dividends, is 85% over the last three years, exceeding the share price return.