5 Cheapest Dividend Aristocrats Right Now

2. Nucor Corporation (NYSE:NUE)

P/E Ratio as of January 29: 8.86

Nucor Corporation (NYSE:NUE) is a leading American steel and steel products manufacturer. The company operates multiple steel mills across the US, manufacturing a variety of steel products used in construction, infrastructure, automotive, energy, and other industries. The company holds a 51-year track record of consistent dividend growth and currently offers a quarterly dividend of $0.54 per share. With a dividend yield of 1.23%, NUE is one of the best dividend aristocrat stocks on our list.

Nucor Corporation (NYSE:NUE) was a part of 33 hedge fund portfolios at the end of Q3 2023, according to Insider Monkey’s database. The stakes held by these hedge funds are collectively valued at over $336.4 million.

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