Dividend King Nucor Corp. Faces Cyclical Downturn Amid Steel Industry Weakness
Nucor Corp. (NUE), a stalwart among Dividend Kings with 52 consecutive years of dividend growth, has seen its shares decline 32% from April 2024 peaks. The steelmaker's cyclical business model is weathering an industry downturn—a historically opportune moment for long-term investors to accumulate positions.
While competitors falter, Nucor's half-century track record demonstrates unique resilience in the volatile steel sector. The current pullback reflects short-term demand weakness rather than structural impairment, creating potential value for patient capital.