5 Best Material Dividend Stocks To Buy Now

3. Nucor Corporation (NYSE: NUE)

Number of Hedge Fund Holders: 29

Dividend Yield: 2.63%

North Carolina-based Nucor is one of the biggest steel companies in the U.S. The company also operates about 23 scrap-based steel production mills. In 2019, the company sold about 18.6 million tons of steel and recycled 17.8 million tons of scrap. The company has increased its regular or base dividend for 48 consecutive years. In the last 10 years, Nucor has returned a whopping $6 billion in capital to its stockholders in the form of buybacks and dividends.

There were 29 hedge funds in our database that held stakes in Nucor Corporation, compared to 28 funds in the third quarter. D E Shaw is the biggest stakeholder in the company.