Nucor Corporation: Still Beating The Market Despite Its Massive Sell-Off

Beat the market with… steel mills?

Apparently.

Nucor Corporation ($NUE) is a 120 year-old steel producer. And despite operating in a historically turbulent sector, Nucor has consistently raised its dividend every year for the past 51 years.

And, Nucor is a long-term market-beater.

Nucor Corporation has kept pace with the S&P 500 for decades. And, the company has a 10-year average annual total return of 13.65% — narrowly outpacing the S&P 500’s 12.75%.

The craziest part?

This market-beating performance comes after Nucor stock dropped -30.82% over the past 12 months.

With 100+ years of operating history, Nucor Corporation has been through it all. And with tariffs and trade regulations threatening the steel industry, I thought it was a good time to examine this unloved Dividend King.

At the time of writing, Nucor trades at a price to earnings ratio of 17.62, making it cheaper than the general market.

Nucor also pays a 1.64% starting dividend yield. And, the dividend has a safe payout ratio of 24.52%. This means there’s little chance of a dividend cut, and plenty of room for future dividend growth.