Nucor Corporation (NYSE:NUE) is included among the 14 Best Warren Buffett Dividend Stocks to Buy.
On February 20, Nucor Corporation (NYSE:NUE)’s Board of Directors approved its regular quarterly cash dividend of $0.56 per share, which will be paid on May 11, 2026, to shareholders who are on record as of March 31, 2026. This marks the company’s 212th consecutive quarterly dividend, reflecting a long and consistent track record of returning cash to shareholders.
In a separate decision, the Board also authorized a new share repurchase program of up to $4.00 billion. This replaces the company’s previous $4.00 billion buyback plan, which has now been ended. Since that earlier program was introduced in May 2023, Nucor had repurchased around $3.69 billion worth of its shares. The company said future repurchases may take place from time to time, either in the open market or through private transactions and block trades. The pace and size of these buybacks will depend on market conditions, share price, legal requirements, and other factors. The new authorization does not have a fixed end date and will remain in place at the company’s discretion.
Nucor also announced a change in its finance leadership. The company named Jack Sullivan as its new Chief Financial Officer, effective March 1. Sullivan currently serves as vice president and treasurer and is responsible for investor relations. He will take over from Steve Laxton, who became president and chief operating officer earlier this year. Sullivan joined Nucor in 2022 as general manager of investor relations and was promoted to his current role last year.
The company’s fourth-quarter results, reported in January, came in below Wall Street expectations as higher costs continued to pressure margins in its steelmaking business. Nucor reported earnings of $1.73 per share, missing analysts’ estimate of $1.91 per share, according to LSEG data. Revenue rose 9% year over year to $7.69 billion for the quarter ended December 31, but still fell short of the $7.87 billion analysts had expected.
Nucor Corporation (NYSE:NUE) is one of the largest steel producers, with operations across the United States, Canada, and Mexico. The company manufactures steel and steel products and also sources key raw materials used in its production process. Its operations are organized into three main segments: steel mills, steel products, and raw materials.
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