If You Invested $10,000 in Nucor on Sept. 29, 2015, This Is How Much You Would Have Today
Most of the stocks I own have long histories of annual dividend increases and were bought when their yields were near historical highs. This was the case with (NYSE: NUE) on Sept. 29, 2015, when I bought the stock. Here's a look at how I've done (very well), with a little drill-down into some tough years in between then and now.
I believe that a company that has increased its dividend annually for many years is likely to be well-run. After all, you can't keep hiking the dividend if the business isn't doing well. At this point, North American steel giant Nucor is a Dividend King, with 50 years of annual increases behind it. This is pretty much the pinnacle of success in the dividend world. When I bought it the streak wasn't that long, obviously, but it was still very impressive.
Image source: Getty Images.
Source Fool.com
Nucor Corp. Stock
Currently there is a rather positive sentiment for Nucor Corp. with 4 Buy predictions and 1 Sell predictions.
As a result the target price of 190 € shows a positive potential of 28.36% compared to the current price of 148.02 € for Nucor Corp..
