Dividend Aristocrat Nucor (NUE) will raise its quarterly dividend by 23.5 percent to $0.50 per share. This follows the steel company's small hikes announced in the previous years. Nucor has increased its regular, or base, dividend for 49 consecutive years.
The new annualized dividend rate of $2.00 per share yields 1.4% at a stock price of $144.00. The next NUE dividend is payable on February 11, 2022 to stockholders of record on December 31, 2021. Nucor shares will trade ex-dividend on March 30, 2022.
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.
2022