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Nucor (NUE) 3-Year Dividend Growth Rate : 8.70% (As of Mar. 2024)


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What is Nucor 3-Year Dividend Growth Rate?

Nucor's Dividends per Share for the three months ended in Mar. 2024 was $0.54.

The historical rank and industry rank for Nucor's 3-Year Dividend Growth Rate or its related term are showing as below:

NUE' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -1.3   Med: 10.1   Max: 84.2
Current: 8.7

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nucor was 84.20% per year. The lowest was -1.30% per year. And the median was 10.10% per year.

NUE's 3-Year Dividend Growth Rate is ranked worse than
63.96% of 222 companies
in the Steel industry
Industry Median: 16.8 vs NUE: 8.70

During the past 12 months, Nucor's average Dividends Per Share Growth Rate was 4.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Nucor's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.16. As of today, Nucor's Dividend Yield % is 1.18%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Nucor's 3-Year Dividend Growth Rate

For the Steel subindustry, Nucor's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nucor's 3-Year Dividend Growth Rate Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Nucor's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Nucor's 3-Year Dividend Growth Rate falls into.



Nucor 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Nucor  (NYSE:NUE) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Nucor's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=0.54/ 3.46
=0.16

During the past 13 years, the highest Dividend Payout Ratio of Nucor was 1.74. The lowest was 0.07. And the median was 0.37.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Nucor Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.5402024-03-272024-03-282024-05-10Cash DividendquarterlyUSD:USD 1.000000
USD 0.5402023-12-282023-12-292024-02-09Cash DividendquarterlyUSD:USD 1.000000
USD 0.5102023-09-282023-09-292023-11-09Cash DividendquarterlyUSD:USD 1.000000
USD 0.5102023-06-292023-06-302023-08-11Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Nucor's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2.1/175.42
=1.20 %

Current Share Price is $175.42.
Nucor's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.1.

During the past 13 years, the highest Dividend Yield of Nucor was 5.23%. The lowest was 1.04%. And the median was 2.72%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Nucor 3-Year Dividend Growth Rate Related Terms>


Nucor (NUE) Business Description

Industry
Address
1915 Rexford Road, Charlotte, NC, USA, 28211
Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products, and raw materials, the steel mills segment derives maximum revenue. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments in NuMit and NJSM.
Executives
Douglas J Jellison officer: Executive Vice President 1915 REXFORD RD, CHARLOTTE NC 28211
Nicholas C Gangestad director 3M CENTER-OFFICE OF GENERAL COUNSEL, ST. PAUL MN 55144-1000
D. Chad Utermark officer: Executive Vice President 1915 REXFORD ROAD, CHARLOTTE NC 28211
Michael D Keller officer: General Mgr. and Corp. Contro 1915 REXFORD ROAD, CHARLOTTE NC 28211
Allen C Behr officer: Executive Vice President 1915 REXFORD ROAD, CHARLOTTE NC 28211
David A Sumoski officer: Executive Vice President 1915 REXFORD ROAD, CHARLOTTE NC 28211
Gregory J Murphy officer: Executive Vice President 1915 REXFORD ROAD, CHARLOTTE NC 28211
Leon J Topalian officer: Executive Vice President 1915 REXFORD ROAD, CHARLOTTE NC 28211
Daniel R. Needham officer: Executive Vice President 1915 REXFORD ROAD, CHARLOTTE NC 28211
State Farm Mutual Automobile Insurance Co 10 percent owner ONE STATE FARM PLAZA, BLOOMINGTON IL 61710
Noah C Hanners officer: Executive Vice President 1915 REXFORD ROAD, CHARLOTTE NC 28211
Kenneth Rex Query officer: Executive Vice President 2100 REXFORD RD, CHARLOTTE NC 28211
John J Hollatz officer: Executive Vice President 1915 REXFORD ROAD, CHARLOTTE NC 28211
Stephen D Laxton officer: CFO, Treasurer and EVP 1915 REXFORD ROAD, CHARLOTTE NC 28211
Bradley Ford officer: Executive Vice President 1915 REXFORD ROAD, CHARLOTTE NC 28211

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