Nucor Stock To Go Ex-dividend Tomorrow (NUE)

NEW YORK ( TheStreet) -- The ex-dividend date for Nucor (NYSE: NUE) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $36.35 as of 9:30 a.m. ET, the dividend yield is 4%.

The average volume for Nucor has been 3.4 million shares per day over the past 30 days. Nucor has a market cap of $11.71 billion and is part of the basic materials sector and metals & mining industry. Shares are down 8.8% 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 15.3, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Nucor as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and feeble growth in the company's earnings per share. You can view the full Nucor Ratings Report.

See our dividend calendar or top-yielding stocks list.
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