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Why Nucor (NUE) Ranks Among the Best Performing in 2025 Dividend Stocks
Yahoo Finance· 2025-09-18 19:19
Company Overview - Nucor Corporation (NYSE:NUE) is a North Carolina-based steel producer, responsible for approximately 25% of all raw steel production in the US [2] - The company has a diverse product lineup including bars, beams, sheets, plates, grating, fasteners, joists, overhead doors, and full metal building systems [2] - Nucor serves over 10,000 clients, with no single customer accounting for more than 5% of its revenue [2] Performance Highlights - Nucor's stock has increased by over 23.5% since the beginning of 2025, positioning it among the best-performing dividend stocks [2] Competitive Advantages - The company utilizes electric arc furnaces, which are more efficient and environmentally friendly compared to traditional blast furnaces, as they melt scrap metal instead of using coking coal and iron ore [3] - Nucor owns The David J. Joseph Company, a major scrap broker and processor in the US, ensuring a reliable supply of low-cost recycled metal [3] Dividend Policy - Nucor is recognized as a Dividend King, having achieved 52 consecutive years of dividend growth [4] - The company pays a quarterly dividend of $0.55 per share, resulting in a dividend yield of 1.56% as of September 15 [4]
Steelmaker Nucor experiences cybersecurity incident, shuts down some production
Fox Business· 2025-05-14 15:02
Core Viewpoint - Nucor experienced a cybersecurity incident that led to the temporary shutdown of some production operations as a precautionary measure [1][3]. Group 1: Incident Details - The company discovered unauthorized third-party access to certain information technology systems [1]. - Nucor is actively investigating the incident with the help of external cybersecurity experts and has notified federal law enforcement [5]. - The specific production operations that were shut down have not been disclosed, but the company is working to restore them [1][3]. Group 2: Company Profile - Nucor is considered the largest and most diversified steel and steel products producer in North America, manufacturing products such as bars, beams, electrical conduit, girders, and fasteners [5]. - The company's facilities are primarily located across North America [3].