A portfolio of stocks I've been building since September 3, 2019, named Volio, will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the first of five materials sector stocks this week striving to join my Volio folio. This could be my thirty-fourth pick for Volio!

That consumer cyclical sector includes includes thirteen industries all related to mining, making, and delivering essential commodities. They are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals; steel; paper; silver; specialty chemicals; gold.

My subject today is steel company named, Nucor Corp. Its trading ticker symbol is NUE.  This is my second report on Nucor Corp this year.   You can see the previous articles here.     

The largest steelmaker in the United States by production volume, Nucor uses electric arc furnaces to produce a wide variety of steel products that service all major end markets.

Nucor is involved in every phase of the steelmaking value chain, from collecting and processing scrap to manufacturing value-added fabricated steel products.

The company was incorporated in 1958 and is based in Charlotte, North Carolina.

I use three key data points to gauge dividend equities or funds like Nucor Corp.

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

NUE Price

Nucor's price per share closed at $37.33 yesterday. A year ago their price was $57.50. Market price dropped $27.17 or over 54%.

Assuming Nucor's stock trades in the range of $24 to $48 this next year, its recent $37.33 price might rise by $2.67 to reach $40.00  by April 20, 2021.

NUE Dividends

Nycor's  most recent declared quarterly dividend was $0.4025 payable May 11th. That $0.4025 Q dividend equates to $1.61 annually for a yield of 4.31%.

NUE Gains?

Adding the $1.61 annual estimated dividend to my $2.67 optimistic estimate  of Nucor's price upside shows a $4.28 potential gross gain, per share, reduced by any costs to trade those shares.

Put a little over $1,000.00 today in Goodyear Tire & Rubber Co at the $37.33 share price, buys 27 shares of NUE.

A $10 broker fee paid half at purchase and half at sale could cost about $0.37 per share.

Subtract that $0.37  brokerage cost from my estimated $4.28 gross gain per share results in a net gain of $3.91 X 27 shares = $105.57 or a 10.6% net gain on a $1,007.91 investment.

Therefore, Nucor Corp, whose trading ticker symbol is NUE shows a possible 10.6% net gain including a 4.31% dividend yield. It could be more, it could be less.

The above speculation is based on past performance and supposition. Only time and money invested will tell if Nucor Corp (NUE) is worth the expenditure.