Liability Adjusted Cash Flow Yield: 6.16%
Dividend Yield: 3.27%
Return on Invested Capital: 15.14%The tale of Nucor's (NUE - Get Report) dividend is bittersweet: While the steel manufacturer has raised its payout annually, it has done so in the face of declining cash flows. But the fact that Nucor had the accumulated financial strength to support its dividend during a cyclical (and, perhaps, secular) downturn is a testament to managerial foresight (in stark contrast to, say, U.S. Steel (X)). Whether or not the worst is behind the steel industry remains to be seen, but Nucor has a very strong balance sheet, and that should give investors some confidence that this too shall pass.