Nucor increases quarterly cash dividend

The Board of Directors of Nucor Corporation increased the regular quarterly cash dividend on Nucor’s common stock by 9.4 percent to $0.35 per share from $0.32 per share. The cash dividend is payable on February 11, 2009 to stockholders of record on December 31, 2008, and is Nucor’s one-hundred forty-third consecutive quarterly cash dividend.

Nucor has increased its regular, or base, dividend every year since it first began paying dividends in 1973.

Nucor’s board of directors decided to suspend the payment of a bonus dividend. As previously stated by the board, the payment of a supplemental bonus dividend depends upon many factors, including Nucor’s financial position and current market conditions. With today’s unsettled economic conditions, the board believes it is important to maintain Nucor’s extremely strong financial position and strategic flexibility.

Nucor is focused on continuing the company’s long history of taking advantage of economic downturns to expand Nucor’s long-term earnings power.