Published on 25 Mar 2023 on Simply Wall St. via Yahoo Finance
Why You Might Be Interested In Nucor Corporation (NYSE:NUE) For Its Upcoming Dividend
Nucor Corporation (NYSE:NUE) stock is about to trade ex-dividend in four days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Therefore, if you purchase Nucor's shares on or after the 30th of March, you won't be eligible to receive the dividend, when it is paid on the 11th of May.
The company's upcoming dividend is US$0.51 a share, following on from the last 12 months, when the company distributed a total of US$2.04 per share to shareholders. Last year's total dividend payments show that Nucor has a trailing yield of 1.4% on the current share price of $148.65. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to check whether the dividend payments are covered, and if earnings are growing.
Check out our latest analysis for Nucor