Nucor Announces 197th Consecutive Cash Dividend
Nucor Corporation (NYSE: NUE) has declared a quarterly cash dividend of $0.50 per share, marking its 197th consecutive quarterly dividend.
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Rhea-AI Summary
Nucor Corporation (NYSE: NUE) has declared a quarterly cash dividend of $0.50 per share, marking its 197th consecutive quarterly dividend. This dividend is payable on August 11, 2022, to shareholders of record as of June 30, 2022. Nucor is recognized as North America's largest recycler and engages in manufacturing various steel and steel products across operations in the United States, Canada, and Mexico.
Positive
- Declared a cash dividend of $0.50 per share, providing income for shareholders.
- Continuously paying dividends for 197 quarters demonstrates financial stability.
Negative
- None.
Details
News Market Reaction – NUE
The recorded move for NUE in the trading session of this news was -4.77%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHARLOTTE, N.C., June 9, 2022 /PRNewswire/ -- The board of directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of
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-197th-consecutive-cash-dividend-301564975.html
SOURCE Nucor Corporation
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