Nucor Announces Increase in Cash Dividend

Nucor Corporation (NYSE: NUE) announced an increase in its quarterly cash dividend to $0.405 per share, payable on February 11, 2021, for shareholders of record by December 31, 2020.

Rhea-AI Summary

Nucor Corporation (NYSE: NUE) announced an increase in its quarterly cash dividend to $0.405 per share, payable on February 11, 2021, for shareholders of record by December 31, 2020. This marks Nucor's 191st consecutive dividend and highlights the company’s commitment to returning value to its investors. Notably, Nucor has raised its base dividend for 48 consecutive years and has returned approximately $6 billion to shareholders through dividends and share repurchases over the past decade.

Positive

• Increased quarterly cash dividend to $0.405 per share.
• 191st consecutive dividend payment, reflecting consistent shareholder returns.
• 48 years of consecutive dividend increases, signaling strong financial health.
• Returned approximately $6 billion to shareholders in the last decade through dividends and share repurchases.

Negative

• None.

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CHARLOTTE, N.C., Dec. 3, 2020 /PRNewswire/ -- The board of directors of Nucor Corporation (NYSE: NUE) increased the regular quarterly cash dividend on Nucor's common stock to $0.405 per share.  This cash dividend is payable on February 11, 2021 to stockholders of record on December 31, 2020 and is Nucor's 191^st consecutive quarterly cash dividend.

Nucor has increased its regular, or base, dividend for 48 consecutive years – every year since it first began paying dividends in 1973.  Over the past ten years, Nucor has returned approximately $6 billion in capital to its stockholders in the form of base dividends and share repurchases.

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 piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; 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:http://www.prnewswire.com/news-releases/nucor-announces-increase-in-cash-dividend-301186124.html

SOURCE Nucor Corporation

FAQ

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What is the new dividend amount for Nucor in 2021?

Nucor's new quarterly cash dividend is $0.405 per share.

When will Nucor pay its dividend in 2021?

The dividend will be paid on February 11, 2021.

What is the significance of Nucor's dividend history?

Nucor has increased its base dividend for 48 consecutive years, showing a strong commitment to returning value to shareholders.

How much capital has Nucor returned to shareholders over the past ten years?

Nucor has returned approximately $6 billion to its shareholders through dividends and share repurchases in the last decade.