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cyclical steel industryThe Motley Fool
•73% Informative
Nucor ( NYSE : NUE ) has increased its dividend each year for 51 consecutive years .
With 50 consecutive annual dividend increases a company earns the title Dividend King .
The company operates in the highly cyclical steel industry.
The stock is off nearly 20% from its recent high-water mark, but that's not as deep a drawdown as it might sound.
Consider when Nvidia made this list on April 15, 2005 ... if you invested $ 1,000 at the time of our recommendation, you’d have $ 657,306 ! The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002 .
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63
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