Dividend Aristocrat Nucor (NUE) will raise its quarterly dividend by 0.6 percent to $0.405 per share. This follows the steel company's similar 0.6 percent hike announced last year. Nucor has increased its regular, or base, dividend for 48 consecutive years.

The new annualized dividend rate of $1.62 per share yields 2.9% at a stock price of $56.00. The new dividend is payable on February 11, 2021 to stockholders of record on December 31, 2020.

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.

Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada.  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; steel fasteners; metal building systems; steel grating; and wire and wire mesh.  Through The David J. Joseph Company, Nucor also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler. Nucor has increased its regular, or base, dividend every year since it first began paying dividends in 1973.