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## Fastenal Stock Performance 

## Initial Public Offering (IPO) 

On August 27, 1987 (date of the Company’s Initial Public Offering), 1,000 shares of Fastenal’s stock sold for $9,000. Approximately 17 years later, on December 31, 2004, those 1,000 shares, having split 5 times, were 24,000 shares worth $1,476,000, for a gain of 16,300 percent (or approximately 30.8% compounded annually). 

## Ten Years 

On December 31, 1994, 1,000 shares of Fastenal’s stock sold for $40,880. Ten years later, on December 31, 2004, those 1,000 shares, having split 2 times, were 4,000 shares worth $246,240, for a gain of 502 percent (or approximately 19.7% compounded annually). 

## Five Years 

On December 31, 1999, 1,000 shares of Fastenal’s stock sold for $44,940. Five years later, on December 31, 2004, those 1,000 shares, having split once, were 2,000 shares worth $123,120, for a gain of 174 percent (or approximately 22.3% compounded annually). 

## Dividends 

Fastenal has paid dividends in every year since 1991. 

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