Reported 2 months ago
Nucor has achieved 51 consecutive years of dividend increases, earning it the prestigious title of Dividend King. The company operates in the cyclical steel industry, which faces fluctuating demand based on economic conditions. Currently, Nucor is experiencing pressure from material imports and declining steel prices, leading to reduced earnings forecasts. Despite a recent stock downturn, long-term investors may find opportunities in Nucor, especially during tougher market conditions when the stock is more attractive.
Source: YAHOO