Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

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Nucor has increased its base cash dividend every year since the Company began paying dividends in 1973. Nucor paid a total dividend of $1.50 per share in 2016 compared with $1.49 per share in 2015. In November 2016, the Board of Directors increased the base quarterly cash dividend on Nucor’s common stock to $0.3775 per share from $0.375 per share. In February 2017, the Board of Directors also declared Nucor’s 176th consecutive quarterly cash dividend of $0.3775 per share payable on May 11, 2017 to stockholders of record on March 31, 2017.

Additional information regarding the market for Nucor’s common stock, quarterly market price ranges, the number of stockholders and dividend payments is incorporated by reference to Nucor’s 2016 Annual Report, page 86. Additional information regarding securities authorized for issuance under stock-based compensation plans is incorporated by reference to Nucor’s 2016 Annual Report, pages 69 through 72.