Nucor Hikes Quarterly Dividend, Raises Payout for 52 Straight Years

12.12.24 12:07 Uhr

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Nucor Corporation NUE has announced an increase in its regular quarterly cash dividend on its common stock to 55 cents per share from 54 cents. This cash dividend, payable Feb. 11, 2025, to stockholders of record as of Dec. 31, 2024, is Nucor's 207th consecutive quarterly cash dividend. Since commencing dividends in 1973, the company has increased its regular or base dividend for 52 years in a row.NUE ended the third quarter with cash and cash equivalents of $4,262.8 million. The company repurchased around 2.5 million shares of its common stock at an average price of $156.07 per share during the quarter.Shares of Nucor have lost 15.5% in a year compared with the industry’s 13.8% decline.Image Source: Zacks Investment ResearchThe company, on its third-quarter call, said that it anticipates consolidated net earnings attributable to its stockholders for the fourth quarter of 2024 will be lower than the third quarter. The expected decline in earnings in the fourth quarter is due to reduced profitability in the steel mills segment due to lower average selling prices and lower volumes. Nucor expects earnings in the steel products division to fall in the fourth quarter from the third-quarter level, owing to lower average selling prices and fewer volumes. The raw materials segment's earnings are predicted to improve sequentially, excluding the impairment charge taken during the third quarter of 2024.Nucor Corporation Price and Consensus Nucor Corporation price-consensus-chart | Nucor Corporation QuoteNUE’s Rank & Key PicksNUE currently carries a Zacks Rank #5 (Strong Sell).Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, DuPont de Nemours, Inc. DD and CF Industries Inc. CF. Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 14.1%. The company's shares have soared 177.8% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.The Zacks Consensus Estimate for DD’s current-year earnings is pegged at $3.88 per share, indicating a year-over-year rise of 11.5%. DD, a Zacks Rank #2 (Buy) stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 12.9%. The company's shares have rallied roughly 17.1% in the past year.The Zacks Consensus Estimate for CF’s current-year earnings is pegged at $6.32 per share. CF, a Zacks Rank #1 stock, beat the consensus estimate in two of the last four quarters while missing twice, with the average earnings surprise being 10.3%. CF has rallied around 16.8% in the past year. Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nucor Corporation (NUE): Free Stock Analysis Report DuPont de Nemours, Inc. (DD): Free Stock Analysis Report CF Industries Holdings, Inc. (CF): Free Stock Analysis Report Carpenter Technology Corporation (CRS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Analysen zu Nucor Corp.

DatumRatingAnalyst
30.05.2019Nucor HoldDeutsche Bank AG
09.01.2019Nucor OutperformCowen and Company, LLC
11.10.2018Nucor BuySeaport Global Securities
23.10.2017Nucor Market PerformCowen and Company, LLC
06.02.2017Nucor OverweightBarclays Capital
DatumRatingAnalyst
09.01.2019Nucor OutperformCowen and Company, LLC
11.10.2018Nucor BuySeaport Global Securities
06.02.2017Nucor OverweightBarclays Capital
06.07.2016Nucor BuyDeutsche Bank AG
02.03.2016Nucor BuyStandpoint Research
DatumRatingAnalyst
30.05.2019Nucor HoldDeutsche Bank AG
23.10.2017Nucor Market PerformCowen and Company, LLC
10.05.2016Nucor NeutralRosenblatt
27.04.2016Nucor Market PerformCowen and Company, LLC
13.04.2016Nucor HoldStandpoint Research
DatumRatingAnalyst
06.04.2009Nucor sellDeutsche Bank AG
25.09.2006Update Nucor Corp.: ReduceUBS
22.07.2005Update Nucor Corp.: Sector UnderperformCIBC World Markets

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