Nucor Announces Increase in Cash Dividend

Rhea-AI Summary

Nucor Corporation (NYSE: NUE) announced a quarterly cash dividend increase to $0.51 per share, payable on February 10, 2023, to stockholders of record on December 30, 2022. This marks Nucor's 199th consecutive quarterly dividend and highlights the company's consistent dividend growth for 50 years since it began paying dividends in 1973. Nucor is recognized as North America's largest recycler and manufactures a variety of steel products across the U.S., Canada, and Mexico.

Positive

• Increased quarterly cash dividend to $0.51 per share.
• 199th consecutive quarterly cash dividend paid.
• 50 consecutive years of dividend increases.

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• None.

CHARLOTTE, N.C., Dec. 14, 2022 /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 $0.51 per share.  This cash dividend is payable on February 10, 2023 to stockholders of record on December 30, 2022 and is Nucor's 199^th consecutive quarterly cash dividend.  Nucor has increased its regular, or base, dividend for 50 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; 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.

 

View original content:https://www.prnewswire.com/news-releases/nucor-announces-increase-in-cash-dividend-301703115.html

SOURCE Nucor Corporation

FAQ

What is the new dividend amount for Nucor (NUE)?

Nucor has increased its quarterly cash dividend to $0.51 per share.

When will Nucor's dividend be paid?

The dividend will be payable on February 10, 2023.

What is the record date for the Nucor dividend?

The record date is December 30, 2022.

How long has Nucor been increasing its dividend?

Nucor has increased its dividend for 50 consecutive years.