Nucor (NUE) Hikes Regular Quarterly Cash Dividend By 5.3%
Zacks Investment Research | Dec 03, 2018 08:47PM ET
Nucor Corporation’s (NYSE:NUE) board of directors recently announced an increase of 5.3% in the regular quarterly cash dividend on its common stock to 40 cents per share from 38 cents. The cash dividend is payable on Feb 11, 2019, to the stockholders of record on Dec 31, 2018.
The move marks the company's 183rd consecutive quarterly cash dividend. Also, Nucor has hiked regular dividend for 46 consecutive years. The company has returned more than $5 billion in capital to stockholders in the form of supplemental dividends, base dividends and share repurchases in the past 10 years.
Notably, Nucor had cash and cash equivalents of around $1.9 billion at the end of third-quarter 2018, up 22.6% year over year.
Shares of Nucor have lost 7.7% in the past six months compared with the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.