Nucor Announces 190th Consecutive Cash Dividend

Rhea-AI Summary

The board of directors of Nucor Corporation (NYSE: NUE) has declared a regular quarterly cash dividend of $0.4025 per share on its common stock, marking the company's 190th consecutive quarterly dividend. This dividend will be payable on November 10, 2020 to stockholders of record as of September 30, 2020. Nucor, a leading steel manufacturer in North America, operates across the U.S., Canada, and Mexico, producing various steel and metal products while being recognized as the largest recycler in North America.

Positive

• Declaring a quarterly cash dividend of $0.4025 per share demonstrates Nucor's consistent financial performance.
• This marks Nucor's 190th consecutive quarterly dividend, indicating strong shareholder returns.

Negative

• None.

CHARLOTTE, N.C., Sept. 10, 2020 /PRNewswire/ -- The board of directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.4025 per share on Nucor's common stock. This cash dividend is payable on November 10, 2020 to stockholders of record on September 30, 2020 and is Nucor's 190^th consecutive quarterly cash dividend.

About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.

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SOURCE Nucor Corporation

FAQ

What is the dividend amount declared by Nucor for Q3 2020?

Nucor declared a quarterly cash dividend of $0.4025 per share.

When is the dividend payable to shareholders?

The dividend is payable on November 10, 2020.

What is the record date for the Nucor dividend?

The record date for the dividend is September 30, 2020.

How many consecutive quarters has Nucor paid dividends?

Nucor has paid dividends for 190 consecutive quarters.

Is Nucor considered a sustainable company?

Nucor is recognized as North America's largest recycler, which supports its sustainability initiatives.