The board of directors of Nucor Corporation approved the repurchase of up to $900 million of the company’s common stock.
Share repurchases will be made from time to time in the open market at prevailing market prices, 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 board of directors also terminated any previously authorized repurchase programs.
In a separate action, Nucor’s board of directors declared the regular quarterly cash dividend of $0.3725 per share on Nucor’s common stock. This cash dividend is payable on November 10, 2015 to stockholders of record on September 30, 2015, and is Nucor’s 170th consecutive quarterly cash dividend.
Published in the October 2015 Edition of American Recycler News
