|Bid||101.00 x 1000|
|Ask||105.89 x 900|
|Day's Range||103.00 - 107.08|
|52 Week Range||87.71 - 187.90|
|Beta (5Y Monthly)||1.35|
|PE Ratio (TTM)||6.37|
|Earnings Date||Apr 20, 2022 - Apr 25, 2022|
|Forward Dividend & Yield||2.00 (1.62%)|
|Ex-Dividend Date||Mar 30, 2022|
|1y Target Est||141.45|
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. 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.
Following the lifting of stay-at-home orders and COVID-19-induced lockdowns, steel demand has gained significant traction.
Steel Dynamics followed its larger peer Nucor with a massive dividend increase. Here's what's behind the big hike.