The little steel company that could!
Nucor Corporation, stock ticker NUE, is currently paying 37 cents per share to their loyal shareholders. At a current dividend yield of 3.92% and a P/E of 15.53 now is the time to pull the trigger on this steel manufacturer. Click here to skim through a comprehensive slide show which documents Nucor's robust company history. NUE is a great dividend stock for a long term investment with a great history of increased dividends.NUE and their affiliates manufacture steel and steel products. They also produce direct reduced iron (DRI) for use in their steel mills. Through The David J. Joseph Company and their affiliates NUE also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot iron, and DRI.
Nucor is principally a manufacturer of steel and steel products, as well as a scrap broker and processor, with operating facilities and customers primarily located in North America. Nucor operates in three segments: 1) steel mills 2) steel products and 3) raw materials. NUE's operations include several international trading companies that buy and sell steel and steel products manufactured by others. Nucor is also recycler, using scrap steel as the primary raw material in producing steel and steel products.
Current Nucor Statistics:
52 week29.82 - 45.75
Vol / Avg.4.54M/2.95M
Mkt cap$11.81B
P/E15.53
Div/yield$0.37/3.92%
EPS2.40
Shares 317.04M
Beta1.11
Inst. own75%
Nucor has a history of continuous innovation technologically and managerially. They are committed to high-quality steel products at competitive prices. Even during the Great Recession Nucor still boasted strong financials. I believe NUE is positioned to rebound in a major way when home construction improves. Recent calculations suggest higher than expected seasonal improvement, which should provide an upward trend for share price and earnings.
NUE is a very well managed company with a decentralized management structure that encourages freedom to introduce new idea within the employee base which ultimately boosts morale. Simply put, Nucor is the best run company in its industry. They keep their costs low, have happy employees and great management.
Just for this simple that Nucor is the largest United States steelmaker and benefits from being the big boss with the hot sauce! I highly suggest that you attend tomorrow's Nucor stockholder's web cast. It is on 5/10/12 at 10:00 am Eastern Standard Time. This is the best way to learn how NUE is performing. Learn more by clicking here.
Please feel free to watch the hand picked YouTube videos below to understand all that is Nucor. Also, visit their homepage, here, as well as their Investor Relations website, here. Nucor is a BOSS in the steel industry. Round out your Roth IRA stock portfolio raw material and industrial sector with NUE and thank me later! Have a great day. Thanks for your time and support.
