Benzinga | Mar 29, 2021 10:23AM EDT

Understanding Nucor's Ex-Dividend Date

On February 23, 2021, Nucor (NYSE:NUE) announced shareholders can expect to receive a dividend payable on May 11, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Nucor has an ex-dividend date set for for March 30, 2021. The company's current dividend payout is $0.41, which equates to a dividend yield of 2.71% at current price levels.

What Are Ex-Dividend Dates?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Nucor's Dividend Payouts And Yields

Over the past year, Nucor has seen its dividend payouts remain the same and its yields trend downward. Last year on March 30, 2020 the company's payout sat at $0.4, which has returned to its value today. Nucor's dividend yield last year was 3.41%, which has since decreased by 0.7%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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