Nucor Announces 200th Consecutive Cash Dividend

Rhea-AI Summary

On February 21, 2023, Nucor Corporation (NYSE: NUE) announced a quarterly cash dividend of $0.51 per share, marking the company's 200th consecutive cash dividend. The dividend is payable on May 11, 2023 to shareholders of record by March 31, 2023. Nucor continues to demonstrate its commitment to returning value to shareholders while maintaining a robust operational presence across the U.S., Canada, and Mexico in the steel manufacturing sector. The company is recognized as North America's largest recycler, showcasing its dedication to sustainability and resource efficiency.

AI-generated analysis. Not financial advice.

Positive

• Declared quarterly cash dividend of $0.51 per share.
• 200th consecutive cash dividend reflects stable financial performance.
• Commitment to returning value to shareholders.

Negative

• None.

News Market Reaction – NUE

-2.70%

1 alert

-2.70% News Effect

On the day this news was published, NUE declined 2.70%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C., Feb. 21, 2023 /PRNewswire/ -- The Board of Directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.51 per share on Nucor's common stock.  This cash dividend is payable on May 11, 2023 to stockholders of record on March 31, 2023 and is Nucor's 200^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; overhead doors; steel grating; and wire and wire mesh. 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.

View original content:https://www.prnewswire.com/news-releases/nucor-announces-200th-consecutive-cash-dividend-301751750.html

SOURCE Nucor Corporation

FAQ

What is the dividend amount declared by Nucor Corporation?

Nucor Corporation declared a quarterly cash dividend of $0.51 per share.

When is the dividend payment date for Nucor?

The dividend is payable on May 11, 2023.

What is the record date for Nucor's dividend?

The record date for the dividend is March 31, 2023.

How many consecutive cash dividends has Nucor declared?

Nucor has declared 200 consecutive quarterly cash dividends.