Nucor Stock To Go Ex-dividend Tomorrow (NUE)

NEW YORK ( TheStreet) -- The ex-dividend date for Nucor (NYSE: NUE) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $43.78 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for Nucor has been 3.3 million shares per day over the past 30 days. Nucor has a market cap of $13.68 billion and is part of the basic materials sector and metals & mining industry. Shares are up 10.6% year to date as of the close of trading on Monday.

Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The company has a P/E ratio of 17.6, below the average metals & mining industry P/E ratio of 21.9 and equal to the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Nucor as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Nucor Ratings Report.

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