Nucor Announces Increase in Cash Dividend

Rhea-AI Summary

Nucor (NYSE: NUE) has announced an increase in its regular quarterly cash dividend to $0.55 per share, payable on February 11, 2025, to stockholders of record on December 31, 2024. This marks Nucor's 207th consecutive quarterly dividend and represents the company's 52nd consecutive year of dividend increases since initiating dividend payments in 1973.

The company operates steel manufacturing facilities across the United States, Canada, and Mexico, producing a wide range of steel products including bars, beams, sheet, plate, and various construction materials. As North America's largest recycler, Nucor also engages in metal brokerage and scrap processing through its subsidiaries.

Positive

• 52-year track record of consecutive dividend increases demonstrates strong financial stability
• 207th consecutive quarterly dividend payment shows consistent shareholder returns
• Maintains position as North America's largest recycler
• Diverse product portfolio across multiple markets

Negative

• None.

CHARLOTTE, N.C., Dec. 11, 2024 /PRNewswire/ -- The Board of Directors of Nucor Corporation (NYSE: NUE) today announced the increase of its regular quarterly cash dividend on Nucor's common stock to $0.55 per share. This cash dividend is payable on February 11, 2025 to stockholders of record on December 31, 2024 and is Nucor's 207^th consecutive quarterly cash dividend.  Nucor has increased its regular, or base, dividend for 52 consecutive years – every year since it first began paying dividends in 1973.

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 Nucor's new quarterly dividend amount for 2025?

Nucor's new quarterly dividend is $0.55 per share, payable on February 11, 2025, to stockholders of record on December 31, 2024.

How many consecutive years has NUE increased its dividend?

Nucor has increased its dividend for 52 consecutive years, every year since it first began paying dividends in 1973.

How many consecutive quarterly dividends has NUE paid?

Nucor has paid 207 consecutive quarterly dividends, demonstrating a long-standing commitment to shareholder returns.

What is the dividend record date for NUE's latest dividend?

The dividend record date is December 31, 2024.

What geographic regions does NUE operate in?

Nucor operates manufacturing facilities in the United States, Canada, and Mexico.