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

Nucor Corporation (NYSE:NUE) announced a quarterly dividend on Thursday, September 4th, RTT News reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.55 per share by the basic materials company on Monday, November 10th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 30th.

Nucor has a payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nucor to earn $10.99 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 20.0%.

Nucor Trading Up 2.5%

Nucor stock opened at $138.13 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.83 and a debt-to-equity ratio of 0.31. Nucor has a 52 week low of $97.59 and a 52 week high of $170.52. The company has a market capitalization of $31.71 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 0.95 and a beta of 1.76. The stock has a 50-day moving average price of $142.54 and a 200 day moving average price of $128.78.

Nucor (NYSE:NUE) last released its earnings results on Monday, July 28th. The basic materials company reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.06. Nucor had a return on equity of 6.65% and a net margin of 4.21%.The firm had revenue of $8.46 billion during the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the previous year, the company posted $2.68 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Nucor will post 7.64 EPS for the current year.

About Nucor

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.