Nucor (NUE) Increases Share Buyback Plan to $4B; Increases Quarterly Dividend by 23% to $0.50

The Board of Directors of Nucor Corporation (NYSE: NUE) today announced the increase of its regular quarterly cash dividend on Nucor's common stock to $0.50 per share. This cash dividend is payable on February 11, 2022 to stockholders of record on December 31, 2021 and is Nucor's 195th consecutive quarterly cash dividend. Nucor has increased its regular, or base, dividend for 49 consecutive years – every year since it first began paying dividends in 1973.

In a separate action, Nucor's Board of Directors approved the repurchase of up to $4.00 billion of the Company's outstanding common stock. This new authorization replaces the previously authorized $3.00 billion repurchase program (which was terminated by the Board of Directors in connection with the approval of the new authorization), under which approximately $2.33 billion of the Company's common stock had been repurchased from its authorization in May 2021 through December 1, 2021. The Company expects share repurchases will be made from time to time in the open market at prevailing market prices or through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements and other factors. The new share repurchase authorization is discretionary and has no expiration date.

Nucor has returned nearly $3.53 billion to stockholders in the form of share repurchases and dividend payments year-to-date through December 1, 2021.

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