Nucor Announces Increase In Cash Dividend From $0.51 To $0.54 Per Share
Portfolio Pulse from Benzinga Newsdesk
Nucor Corporation (NYSE:NUE) has raised its regular quarterly cash dividend from $0.51 to $0.54 per share, payable on February 9, 2024, to shareholders of record as of December 29, 2023. This marks Nucor's 203rd consecutive quarterly dividend and represents the 51st consecutive year of dividend increases since 1973.
December 14, 2023 | 9:23 pm
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POSITIVE IMPACT
Nucor Corporation has announced an increase in its quarterly cash dividend, which may attract income-focused investors and potentially have a positive impact on the stock price in the short term.
Dividend increases are often viewed positively by the market as they signal a company's financial health and commitment to returning value to shareholders. Nucor's consistent history of dividend growth could reinforce investor confidence and support the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100