Orbsat Corp
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Communication Services : Diversified Telecommunication Services | Small Cap Blend
Company profile

Orbsat Corp, formerly Orbital Tracking Corp, is a provider of satellite-based hardware, airtime, mapping and related services both in the United States and internationally. The Company sells equipment and airtime for use on all of the satellite networks, including Globalstar, Inmarsat, Iridium and Thuraya, and operates a short-term rental service for customers using its equipment for a limited time period. The Company, through Global Telesat Communications Limited, provides satellite based hardware, airtime and services through various e-commerce storefronts, as well as personal satellite tracking devices. The Company operates e-commerce Websites, which offer a range of portable satellite voice, data and tracking solutions, known as Mobile Satellite Services (MSS). The MSS products include handheld satellite phones, personal and asset tracking devices, portable high speed broadband terminals, satellite wireless fidelity hotspots and associated mapping services.

Closing Price
$2.06
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0.00 (0.00%)
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--
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
2,818
0

Fastenal Company Announces Cash Dividend

5:05 pm ET July 13, 2020 (BusinessWire) Print

Fastenal Company (Nasdaq:FAST) reported its board of directors declared a dividend of $0.25 per share to be paid in cash on August 25, 2020 to shareholders of record at the close of business on July 28, 2020. Except for share and per share information, dollar amounts are stated in millions.

Fastenal began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. Our board of directors currently intends to continue paying quarterly dividends, though all future determination as to payment of dividends will depend upon the financial condition and results of operations of the company and such other factors as are deemed relevant by the board of directors, such as income tax rates related to dividends at that time.

In 2020, 2019, and 2018, we paid (or declared) dividends as follows:

Year      First      Second       Third            Fourth
                            Quarter                        Quarter                        Quarter                              Quarter
---- -------------------- --------  -------------------- --------  -------------------- --------  -------------------- --------------------
2020   $   0.250   $   0.250   $   0.250    
2019   $   0.215   $   0.215   $   0.220   $               0.220

Dividend and common stock purchase activity during the last ten years:

                                          Average Per
                 Total                                 Dividends per Share                               Total Value of            Total Number           Share Price of
                                                                                                                               ------------------------------------------------------------
        Dividend             Dividend                Dividends                Regular                  Total                 Common Stock               of Shares             Common Stock
Year                       Payments             Payments                  Paid                  Dividend                Dividend                  Purchased                Purchased               Purchased
-------------------- -------------------- -------------------- -------------------- --------------------  -------------------- --------------------  -------------------- --------------------  -------------------- ------------------------  -------------------- -------------------- -------------------- ---------------------
2020                 Three (1)            Three (1)                               $          $      430.2                    $          $      0.750                    $          $      0.750                    $          $           52.0            1,600,000            1,600,000                    $       $          32.54
2019                 Four                 Four                                    $          $      498.6                    $          $      0.870                    $          $      0.870                    $          $ --       --       --                    $       $ --
2018                 Four                 Four                                    $          $      441.9                    $          $      0.770                    $          $      0.770                    $          $          103.0            4,000,000            4,000,000                    $       $          25.75
2017                 Four                 Four                                    $          $      369.1                    $          $      0.640                    $          $      0.640                    $          $           82.6            3,800,000            3,800,000                    $       $          21.72
2016                 Four                 Four                                    $          $      346.6                    $          $      0.600                    $          $      0.600                    $          $           59.5            3,200,000            3,200,000                    $       $          18.58
2015                 Four                 Four                                    $          $      327.1                    $          $      0.560                    $          $      0.560                    $          $          293.0           14,200,000           14,200,000                    $       $          20.63
2014                 Four                 Four                                    $          $      296.6                    $          $      0.500                    $          $      0.500                    $          $           52.9            2,400,000            2,400,000                    $       $          22.06
2013                 Four                 Four                                    $          $      237.5                    $          $      0.400                    $          $      0.400                    $          $            9.1              400,000              400,000                    $       $          22.70
2012                 Five(2)              Five(2)                                 $          $      367.3                    $          $      0.370                    $          $      0.620                    $          $ --       --       --                    $       $ --
2011                 Four                 Four                                    $          $      191.7                    $          $      0.325                    $          $      0.325                    $          $ --       --       --                    $       $ --
                                                               -------------------- ---------- ---------- -------------------- ---------- ---------- -------------------- ---------- ---------- -------------------- ---------- -------------- -------------------- -------------------- -------------------- ------- --------------
(1) The total dividends paid amount includes the estimated impact from this announcement. The estimate is calculated using the 573.6 million shares outstanding at June 30, 2020. The total dividends paid amount includes the estimated impact from this announcement. The estimate is calculated using the 573.6 million shares outstanding at June 30, 2020.

All share and per share information reflects the two-for-one stock splits in both 2019 and 2011.

About Fastenal

Fastenal helps customers simplify and realize product and process savings across their supply chain. We sell a broad offering of products spanning more than nine major product lines - from fasteners and tools to safety and janitorial supplies. These products are efficiently distributed to manufacturing facilities, job sites, and other customer locations through local service teams and point-of-use inventory solutions, including industrial vending technology and bin stock programs (Fastenal Managed Inventory or FMI(R)). Our distribution system centers on over 3,200 in-market locations (a combination of public branches and customer-specific Onsite locations), primarily in North America but also in Asia, Europe, and Central and South America, each providing tailored inventory, flexible service, and custom solutions to drive the unique goals of local customers. These in-market servicing locations are supported by fifteen regional distribution centers, a captive logistics fleet, robust sourcing, quality and manufacturing resources, and multiple teams of industry specialists and support personnel - all working toward Fastenal's common goal of Growth Through Customer Service(R).

Additional information regarding Fastenal is available on the Fastenal Company website at www.fastenal.com.

This press release contains statements that are not historical in nature and that are intended to be, and are hereby identified as, "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995, including a statement regarding expectations as to payment of a quarterly cash dividend in the foreseeable future. Any future determination as to payment of dividends will depend upon the financial condition and results of operations of the company and such other factors as are deemed relevant by the board of directors. For example, a change in business needs including working capital and funding for acquisitions, or a change in income tax law relating to dividends, could cause the company to decide not to pay a dividend in the future. A discussion of other risks and uncertainties is included in the company's filings with the SEC, including our most recent annual and quarterly reports. FAST-D

View source version on businesswire.com: https://www.businesswire.com/news/home/20200713005641/en/

SOURCE: Fastenal Company

Ellen Stolts
Assistant Controller - Reporting and Reconciliation
507.313.7282
comtex tracking

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