Nucor Announces 196th Consecutive Cash Dividend

Nucor Corporation (NYSE: NUE) has declared a quarterly cash dividend of $0.50 per share, marking its 196th consecutive quarterly dividend.

Rhea-AI Summary

Nucor Corporation (NYSE: NUE) has declared a quarterly cash dividend of $0.50 per share, marking its 196th consecutive quarterly dividend. The dividend is payable on May 11, 2022 to stockholders of record by March 31, 2022. Nucor is recognized as North America's largest recycler and manufactures a wide range of steel and steel products across the U.S., Canada, and Mexico.

Positive

• Quarterly cash dividend of $0.50 per share enhances income for shareholders.
• Continues a strong track record with the 196th consecutive quarterly dividend.

Negative

• None.

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News Market Reaction – NUE

In the trading session that priced this news, NUE declined 3.43%, reflecting a moderate negative market reaction.

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CHARLOTTE, N.C., Feb. 22, 2022 /PRNewswire/ -- The board of directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.50 per share on Nucor's common stock.  This cash dividend is payable on May 11, 2022 to stockholders of record on March 31, 2022 and is Nucor's 196^th consecutive quarterly cash dividend.

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; 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-196th-consecutive-cash-dividend-301487598.html

SOURCE Nucor Corporation

FAQ

What is the dividend amount declared by Nucor Corporation for May 2022?

Nucor Corporation declared a dividend of $0.50 per share.

When will Nucor's dividend be paid?

The dividend will be paid on May 11, 2022.

What is the record date for Nucor's dividend?

The record date for the dividend is March 31, 2022.

How many consecutive dividends has Nucor paid?

Nucor has paid 196 consecutive quarterly dividends.