Nucor Corporation (NUE) To Go Ex-Dividend on June 30th

Nucor Corporation (NYSE:NUE) announced a quarterly dividend on Tuesday, June 9th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.56 per share by the basic materials company on Tuesday, August 11th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Nucor has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 52 consecutive years. Nucor has a payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nucor to earn $18.60 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 12.0%.

Nucor Trading Down 3.8%

NYSE NUE opened at $239.50 on Friday. The company has a current ratio of 2.90, a quick ratio of 1.55 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $235.86 and a 200 day simple moving average of $194.80. Nucor has a 12 month low of $128.46 and a 12 month high of $270.90. The firm has a market capitalization of $54.54 billion, a P/E ratio of 23.71, a PEG ratio of 0.57 and a beta of 1.88.

Nucor (NYSE:NUE) last posted its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.41. The firm had revenue of $9.50 billion during the quarter, compared to analyst estimates of $8.88 billion. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The business’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 EPS. On average, analysts predict that Nucor will post 17 EPS for the current fiscal year.

About Nucor

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.