Nucor Stock To Go Ex-dividend Tomorrow (NUE)

NEW YORK ( TheStreet) -- The ex-dividend date for Nucor (NYSE: NUE) is tomorrow, December 27, 2013. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $53.47 as of 9:50 a.m. ET, the dividend yield is 2.8%.

The average volume for Nucor has been 1.6 million shares per day over the past 30 days. Nucor has a market cap of $16.97 billion and is part of the basic materials sector and metals & mining industry. Shares are up 23.5% year to date as of the close of trading on Tuesday.

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.

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TheStreet Ratings rates Nucor as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Nucor Ratings Report.

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