Steel manufacturer Nucor announced today its third-quarter dividend of $0.3675 per share, the same rate it's paid for the past three quarters after raising the payout about 1% from $0.365 per share.
The board of directors said the quarterly dividend is payable on Nov. 8 to the holders of record at the close of business on Sept. 27. It marks the steelmaker's 162nd consecutive quarterly payout.
The regular dividend payment equates to a $1.47-per-share annual dividend, yielding 3.2% based on the closing price today of Nucor's stock.
The article Nucor Makes It 162 in a Row originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Nucor. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.