NUE Nucor Corporation

Basic Materials · Steel

5 · Fair Momentum 10.0 · Strong Safe 16y streak

271.76

-0.07%

About the company

Nucor Corporation engages in the manufacture and sale of steel and steel products. The company operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico, as well as engages in the steel trading and rebar distribution businesses. The Steel Products segment offers steel joists and joist girders, steel decks, and galvanized torque tubes for use in solar arrays, hollow structural section steel tubing, electrical conduit, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded metal, wire and wire mesh, metal building systems, insulated metal panels, steel racking, overhead doors, and utility towers and structures for communications and energy transmission. This segment is also involved in the piling distribution business. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; processes ferrous and nonferrous scrap metal; and engages in the natural gas production and industrial gas business. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. Nucor Corporation was founded in 1905 and is based in Charlotte, North Carolina.

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0.82%

17.86%

2.24

61.9B

21.67

12.54

196.07

52-week range

272

low 131 high 280

Dividend deep dive

Nucor Corporation (NUE) operates in the Steel industry, part of the Basic Materials sector. The company's current dividend yield stands at 0.95%. This is below its five-year average yield of 1.49%, and outside its five-year yield band (high 1.73%, low 1.27%), suggesting an overvalued status based on yield theory. The company maintains a dividend safety status of "safe".

Dividend history

Nucor Corporation is recognized as a Dividend Contender, having increased its dividend for 16 consecutive years. The company distributes dividends quarterly in March, June, September, and December. Over the past three years, the dividend has grown at a compound annual growth rate (CAGR) of 3.23%, while the five-year CAGR is 6.42%. Recent annual dividend payments include USD 1.62 in 2021, USD 2.00 in 2022, USD 2.04 in 2023, and USD 2.16 in 2024. A projected dividend of USD 2.20 is listed for 2025.