1 Magnificent Dividend King Down 33% to Buy and Hold Forever
Nucor (NYSE: NUE) is a steel company, and that has major implications for its financial performance, given the inherent cyclicality of the steel industry. Indeed, the company has joined the elite group known as Dividend Kings thanks to its 51 consecutive annual dividend increases. Here's why now, with the stock down by around 33% from recent highs, is a good time to buy Nucor, with the plan to hold on to it forever.