5 Dividend Knights that Beat the Market Last 5 Years

3. Nucor Corporation (NYSE:NUE)

5-Year Share Price Gains as of February 8: 170.6%

Nucor Corporation (NYSE:NUE) is another best dividend stock on our list with a five-year return of 170.6%, as of February 8. The steel manufacturing company pays a quarterly dividend of $0.51 per share, having raised it by 2% in December 2022. This was the company’s 50th consecutive year of dividend growth. The company’s shares yield at 1.22%, as of February 8.

BofA gave a positive stance on the steel industry and initiated its coverage on Nucor Corporation (NYSE:NUE) in January with a Buy rating and a $172 price target.

Nucor Corporation (NYSE:NUE) was a popular stock among hedge funds in the third quarter of 2022, as 41 funds tracked by Insider Monkey reported owning stakes in the company, compared with 32 in the previous quarter. The collective value of these stakes is roughly $403 million.