Nucor Announces 198th Consecutive Cash Dividend
Rhea-AI Summary
The board of directors of Nucor Corporation (NYSE: NUE) declared a quarterly cash dividend of $0.50 per share, payable on November 10, 2022. This dividend is for stockholders of record as of September 30, 2022 and marks Nucor's 198th consecutive quarterly cash dividend. Nucor is a leading manufacturer of steel products with operations across the U.S., Canada, and Mexico, producing a variety of steel products and serving as North America's largest recycler.
Positive
- Declared a quarterly cash dividend of $0.50 per share.
- 198th consecutive quarterly cash dividend reflects consistent income for shareholders.
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, NUE declined 2.85%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
CHARLOTTE, N.C., Sept. 15, 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; 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.
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SOURCE Nucor Corporation