Lower expenses and a 10 percent sales growth helped boost Fastenal Co's third-quarter net income by 13 percent, RTTNews reports. The Winona-based company, an industrial and construction supplier, posted a profit of $109.3 million, or 37 cents a share, compared to $96.8 million, or 33 cents a share, a year ago.
On Wednesday, Fastenal's Board of Directors declared a dividend of $0.21 per share to be paid in cash on November 26, 2012 to shareholders of record at the close of business on October 29, 2012, according to a company news release.
Click here, for Fastenal's full 2012 third quarter earnings report.
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