How Safe Is Nucor's Dividend?
The steel industry is highly cyclical, and steel producers such as Nucor (NYSE: NUE) have to weather dramatic shifts in demand to sustain their businesses over the long run. Nucor in particular stands out among its steel industry peers because of its long record of strong dividend performance, sharing its long-term success with shareholders through its quarterly payouts. With so many dynamics affecting the steel industry, however, investors have to be aware of the risks that Nucor faces and their potential impact on the dividend.
Let's take a closer look at Nucor to see whether investors can be confident in its ability to keep its dividend moving higher.
Current Quarterly Dividend Per Share
Source: Fool.com
Nucor Corp. Stock
€161.28
-0.420%
Currently there is a rather positive sentiment for Nucor Corp. with 4 Buy predictions and 2 Sell predictions.
As a result the target price of 175 € shows a slightly positive potential of 8.51% compared to the current price of 161.28 € for Nucor Corp..
