What Nucor's String of Acquisitions Means for Investors
While it may not be a household name, Nucor (NYSE: NUE) is well known to its shareholder base as North America's largest steelmaker by market capitalization. And that base of investors knows that the company's capital allocation philosophy is first to invest for profitably growing the business. It also seeks to utilize free cash flow to grow its base dividend and then for share repurchases and supplemental dividends.
Nucor generated $4.6 billion in free cash flow in its record year last year, and it used that to help fulfill all of its capital allocation goals. Digging into the details of those investments can give an investor a good idea of what that might mean for Nucor shareholders going forward.
Source Fool.com
