A device for dispensing individual plastic fasteners from a continuous supply of 0.1875 inch pitch ladder stock includes a head assembly that is designed to receive the supply of ladder stock, sever an individual fastener from the supply ladder stock and eject the individual fastener during a single stroke of its actuation cycle. The device also includes a stepper motor for driving the head assembly through its actuation cycle, a DC power switching supply for regulating the power supplied to the stepper motor from an AC input power source, and a controller for collecting historical data relating to usage of the device and for regulating operation of the stepper motor. The controller is programmed to enable certain operational characteristics, such as stroke speed and mode, to be regulated through a user interface which includes a screen display and a plurality of control buttons.