Nucor Corporation (NUE) announced on Friday that its Board of Directors authorized the repurchase of up to $4.00 billion of the company's common stock. The new authorization replaces the prior $4.00 billion program approved in May 2023, under which approximately $3.69 billion had been repurchased.
The new program has no expiration date, with repurchases to be made periodically based on market conditions and other factors.
In a separate move, the board has declared a regular quarterly cash dividend of $0.56 per share, payable on May 11, 2026, to shareholders of record as of March 31, 2026.
NUE is currently trading at $178.83 down $1.21 or 0.67 percent on the New York Stock Exchange.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.