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Nucor Announces Increase in Cash Dividend
12/09/2010 - Nucor’s Board of Directors has increased the regular quarterly cash dividend on the company's common stock to $0.3625 per share from $0.36 per share.
Nucor Corp.’s Board of Directors has increased the regular quarterly cash dividend on Nucor's common stock to $0.3625 per share from $0.36 per share.
This cash dividend is payable on February 11, 2011 to stockholders of record on December 31, 2010, and is Nucor's 151st consecutive quarterly cash dividend.
Nucor has increased its regular, or base, dividend for 38 consecutive years - every year since it first began paying dividends in 1973. The base quarterly dividend has more than tripled since the end of 2007, which the company says is a reflection of the Nucor team's success in building its long-term earnings power.
Nucor's base dividend has increased approximately ten-fold over the period from 2000 to 2010.
Nucor and affiliates manufacture steel products, with operating facilities primarily in the U.S. and Canada. Products produced include carbon and alloy steel bars, beams, sheet and plate; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; light gauge steel framing; steel grating and expanded metal; and wire and wire mesh. Nucor, through The David J. Joseph Co., 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.
