1 Magnificent Dividend King Stock Down 40% to Buy and Hold Forever

Achieving the highly elite status of Dividend King requires a company to have a good business model. But that's not enough, it also has to have strong execution in both good markets and bad ones. That's exactly what U.S. steel giant Nucor (NYSE: NUE) has done. With the cyclical steel industry pulling back, the stock is down around 40% despite its incredible dividend track record. Now is the time for long-term investors to consider buying Nucor.Nucor makes steel, which is used throughout the economy. It is a necessity in both the construction and manufacturing industries, forming the backbone of products including buildings, roads, bridges, cars, heavy equipment, and large home appliances. The good news is that the economy can't operate properly without a reliable source of steel. The bad news is that economic uncertainty, and particularly recessions, can lead to reduced demand for steel.Image source: Getty Images.Continue reading

Apr 19, 2025 - 23:16

1 Magnificent Dividend King Stock Down 40% to Buy and Hold Forever

Achieving the highly elite status of Dividend King requires a company to have a good business model. But that's not enough, it also has to have strong execution in both good markets and bad ones. That's exactly what U.S. steel giant Nucor (NYSE: NUE) has done. With the cyclical steel industry pulling back, the stock is down around 40% despite its incredible dividend track record. Now is the time for long-term investors to consider buying Nucor.

Nucor makes steel, which is used throughout the economy. It is a necessity in both the construction and manufacturing industries, forming the backbone of products including buildings, roads, bridges, cars, heavy equipment, and large home appliances. The good news is that the economy can't operate properly without a reliable source of steel. The bad news is that economic uncertainty, and particularly recessions, can lead to reduced demand for steel.

Image source: Getty Images.