Nucor Announces Increase in Cash Dividend

Rhea-AI Summary

Nucor Corporation (NYSE: NUE) increases its regular quarterly cash dividend to $0.54 per share, payable on February 9, 2024. This marks Nucor's 203rd consecutive quarterly cash dividend and the 51st consecutive year of dividend increase since 1973.

CHARLOTTE, N.C., Dec. 14, 2023 /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 $0.54 per share. This cash dividend is payable on February 9, 2024 to stockholders of record on December 29, 2023 and is Nucor's 203^rd consecutive quarterly cash dividend. Nucor has increased its regular, or base, dividend for 51 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 the new cash dividend for Nucor Corporation (NYSE: NUE)?

The new cash dividend for Nucor Corporation (NYSE: NUE) is $0.54 per share.

When is the new cash dividend payable to stockholders of Nucor Corporation (NYSE: NUE)?

The new cash dividend is payable on February 9, 2024 to stockholders of record on December 29, 2023.

How many consecutive quarterly cash dividends has Nucor Corporation (NYSE: NUE) paid?

Nucor Corporation (NYSE: NUE) has paid 203 consecutive quarterly cash dividends.

How many years has Nucor Corporation (NYSE: NUE) increased its regular dividend?

Nucor Corporation (NYSE: NUE) has increased its regular dividend for 51 consecutive years since 1973.