Nucor hikes dividend by 1.9% to $0.55 quarterly
On December 11, 2024, The Board of Directors of Nucor Corporation (NUE) announced the increase of its regular quarterly cash dividend on Nucor's common stock to $0.55 per share. This marks 52 consecutive years of increased dividends by the steel company.
The increased NUE cash dividend is payable on February 11, 2025 to stockholders of record on December 31, 2024 and is Nucor's 207th 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.
Nucor Corp Dividend and Financial Information
| Dividend Hikes | Summary | Dividend Info | Financial Information | ||||
|---|---|---|---|---|---|---|---|
| 2024 | 1.9% | 5 yr CAGR | 6.4% | Track Record | 52 years increased | Yield | 1.6% |
| 2023 | 5.9% | 10 yr CAGR | 4.0% | Dividend Frequency | Quarter | Stock Price | $132.63 |
| 2022 | 2.0% | Stats by dividendhike.com | Data as of | December 12, 2024 | YTD Total Return | -19.7% | |
| 2021 | 23.5% | Market Cap (in B) | $31.1 | ||||
| 2020 | 0.6% | Total Dividend (in B) | $0.5 | ||||
The dividend yield for Nucor is 1.6% at a stock price of $138. The stock is down 20% YTD in 2024 as of December 11. Nucor is one of the official S&P500 Dividend Aristocrats.
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.
