This Dividend King Sees Huge Demand Growth On the Horizon
(NYSE: NUE) is a very well-run company. This is highlighted by the fact that it has increased its dividend annually for 50 consecutive years. That's even more notable because it operates in the cyclical steel sector, which means business performance is prone to (often dramatic) ups and downs.
With such a strong history of success, it pays to listen when Nucor talks about the steel industry. Right now, management is saying it sees good things on the horizon.
You don't achieve Dividend King status by accident. Increasing a dividend annually for five decades requires an ability to handle adversity, because every company faces hard times eventually. What's interesting about Nucor is that hard times are pretty much a guarantee because it operates in the highly cyclical steel sector. Indeed, demand for the products it produces is tied heavily to economic activity.
Source Fool.com
Nucor Corp. Stock
Our community is currently high on Nucor Corp. with 5 Buy predictions and 1 Sell predictions.
With a target price of 193 € there is a hugely positive potential of 54.2% for Nucor Corp. compared to the current price of 125.16 €.
