CHARLOTTE, N.C., Nov. 30, 2016 /PRNewswire/ -- The board of
directors of Nucor Corporation (NYSE: NUE) increased the regular
quarterly cash dividend on Nucor's common stock to $0.3775. This cash dividend is payable on
February 10, 2017, to stockholders of
record on December 30, 2016, and is
Nucor's 175th consecutive quarterly cash dividend.
Nucor has increased its regular, or base, dividend for 44
consecutive years – every year since it first began paying
dividends in 1973. The base quarterly dividend has more than
tripled over the past ten years. Over this same period, Nucor has
returned more than $6 billion in
capital to its stockholders in the form of base dividends,
supplemental 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; 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. Nucor, through The David J. Joseph Company, 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.
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SOURCE Nucor Corporation