Better Steel Stock: Nucor or Steel Dynamics
With the expectation of increased infrastructure spending, investors have bid up the prices of leading steelmakers like Nucor (NYSE: NUE) and Steel Dynamics (NASDAQ: STLD). If you are looking at the steel sector as well, which of these two mills is the better investment option?
The answer is that it depends. There are a lot of similarities, but one big difference that could determine which one you like more.
Nucor has been making steel for decades, building up a streak of 48 consecutive annual dividend increases. It's a Dividend Achiever at this point that's getting very close to becoming an even more elite Dividend King. That's hard to match -- and the company has achieved this despite the highly cyclical nature of the steel sector, which tends to wax and wane along with the broader economy.
Source Fool.com
