Why Nucor Corporation is a Top 25 Dividend Stock (NUE)

Nucor Corporation (NUE) has been named to the Dividend Channel ”S.A.F.E. 25” list, signifying a stock with above-average ”DividendRank” statistics including a strong 3.1% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ”DividendRank” report.

Why Nucor Corporation is a Top 25 Dividend Stock (NUE)According to the ETF Finder at ETF Channel, Nucor is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.17% of the SPDR S&P Dividend ETF (SDY), which holds $169,695,456 worth of NUE shares.

Nucor made the “Dividend Channel S.A.F.E. 25” list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.

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The annualized dividend paid by Nucor is $1.50 per share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/28/2016.

Below is a long-term dividend history chart for NUE, which the report stressed as being of key importance.

NUE+Dividend+History+Chart

NUE operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like Ternium SA (ADR) (TX), and Southern Copper Corp (SCCO).

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Article printed from InvestorPlace Media, https://investorplace.com/2016/09/nue-named-top-25-safe-dividend-stock-increasing-payments-for-decades/.

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