Nucor Announces 205th Consecutive Cash Dividend

Rhea-AI Summary

The Board of Directors of Nucor (NYSE: NUE) has declared a regular quarterly cash dividend of $0.54 per share on its common stock. This marks the company's 205th consecutive quarterly cash dividend. The dividend will be payable on August 9, 2024, to shareholders of record as of June 28, 2024. Nucor is a leading manufacturer of steel and steel products, with operations in the US, Canada, and Mexico. The company produces a wide range of products including carbon and alloy steel, steel joists, and metal building systems. Nucor is also North America's largest recycler, processing both ferrous and nonferrous scrap metal.

Positive

• Nucor declared its 205th consecutive quarterly cash dividend, showing strong and consistent financial performance.
• The $0.54 per share dividend emphasizes the company's commitment to returning value to its shareholders.
• Dividend payout date is set for August 9, 2024, providing a clear timeline for investors.
• Operating facilities in the US, Canada, and Mexico highlight Nucor’s extensive operational footprint.
• Wide range of products including carbon and alloy steel, steel racking, and utility structures, indicating product diversification.
• Largest recycler in North America, emphasizing Nucor’s leadership in sustainability.

Negative

• The dividend amount of $0.54 per share has remained unchanged, indicating potential stagnation in dividend growth.
• The announcement lacks information on recent financial performance, leaving investors without context on current fiscal health.

CHARLOTTE, N.C., June 6, 2024 /PRNewswire/ -- The Board of Directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.54 per share on Nucor's common stock. This cash dividend is payable on August 9, 2024 to stockholders of record on June 28, 2024 and is Nucor's 205^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 racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, 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 latest dividend declared by Nucor ?

Nucor declared a quarterly cash dividend of $0.54 per share on its common stock.

When is Nucor's next dividend payable date?

The next dividend payable date is August 9, 2024.

What is the record date for Nucor's upcoming dividend?

The record date for the upcoming dividend is June 28, 2024.

How many consecutive quarterly dividends has Nucor declared?

Nucor has declared 205 consecutive quarterly dividends.

What products does Nucor manufacture?

Nucor manufactures carbon and alloy steel, steel joists, metal building systems, and more.

Where are Nucor 's operational facilities located?

Nucor's operational facilities are located in the United States, Canada, and Mexico.

What is Nucor 's stock symbol?

Nucor 's stock symbol is NUE.

Is Nucor involved in recycling?

Yes, Nucor is North America's largest recycler of ferrous and nonferrous scrap metal.