2 Loyal Payers Announce Quarterly Dividends

Nucor, Harley-Davidson beat the index in terms of a higher yield

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Two long-term payers announced quarterly dividends on Thursday.

The following stocks also have a higher dividend yield than the S&P 500 Index. The benchmark for U.S. stocks yielded 1.88% as of Sept. 5.

Shares of Nucor Corp. (NUE, Financial) were unchanged at $50.35 in extended trading on Thursday after the company announced a quarterly dividend of 40 cents per share. The dividend will be paid on Nov. 8 to shareholders of record as of Sept. 27. The ex-dividend date is scheduled for Sept. 26.

As of Thursday, the distribution generates a forward dividend yield of 3.25% versus the industry median of 3.33% and the S&P 500’s yield of 1.88%.

The American steel producer has paid 185 quarterly dividends in a row.

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The trailing 12-month dividend per share averaged a 0.8% annual increase over the last five years.

The share price has declined 2.8% year to date, underperforming the S&P 500 by 21.5%. The 52-week range is $46.10 to $66.03. The market capitalization is $15.26 billion, the price-book ratio is 1.49 and the enterprise value-Ebitda ratio is 4.72.

The Peter Lynch chart suggests the stock is cheap.

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Shares of Harley-Davidson Inc. (HOG, Financial) were unchanged at $32.58 at close on Thursday after the company announced a quarterly dividend of 37.5 cents per common share.

On Sept. 27, Harley-Davidson will pay the dividend to shareholders of record as of Sept. 17. The ex-dividend date is Sept. 16.

Based on Thursday’s closing price, the payment generates a forward dividend yield of 4.76%, topping the industry median of 2.86% and the index’s yield of 1.88%.

The motorcycle manufacturer has continuously paid dividends since Aug. 16, 1993.

The trailing 12-month dividend per share increased 0.3% on average every year over the past 60 months.

The stock has declined 4.5% year to date, underperforming the S&P 500 by 23.2%. The 52-week range is $30.17 to $46.22.

The stock has a market capitalization of $5.11 billion, a price-earnings ratio of 12.02, a price-book ratio of 2.72 and a price-sales ratio of 0.96.

Shares are trading below the Peter Lynch earnings line, which indicates the stock is not expensive.

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Disclosure: I have no positions in any securities mentioned.

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