1 Magnificent Dividend King Down 30% to Buy and Hold Forever

Company Overview - Nucor is one of the largest steelmakers in North America and is recognized as a Dividend King, having increased its dividend for over 50 consecutive years [1][7] - The company utilizes electric arc mini-mills, which provide flexibility in production compared to traditional blast furnaces, allowing it to adjust output based on demand [2] Market Dynamics - The steelmaking industry is cyclical, with demand and pricing fluctuating alongside economic activity, leading to volatility in stock prices [4] - Currently, Nucor's stock is down approximately 30% from its peak in 2024, which is an improvement from a previous decline of over 40% [4][5] Dividend and Growth Strategy - Nucor's management aims to achieve higher highs and higher lows through a capital investment plan focused on technology upgrades, product expansion, and higher-margin products [8] - The company plans to invest around $3 billion in capital spending in 2025, indicating potential for further growth and dividend increases [9] Investment Timing - The optimal time to invest in Nucor is when the stock is out of favor, as is the case currently, rather than when it is popular among investors [10] - Despite the stock being down 30%, it remains an attractive long-term investment for those seeking exposure to the steel sector, given its resilient business model [11]