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 $1.51 per share in 2017 compared with $1.50 per share in 2016. In December 2017, the Board of Directors increased the base quarterly cash dividend on Nucor’s common stock to $0.38 per share from $0.3775 per share. In February 2018, the Board of Directors also declared Nucor’s 180th consecutive quarterly cash dividend of $0.38 per share payable on May 11, 2018 to stockholders of record on March 29, 2018.

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 2017 Annual Report to Stockholders, page 84. Additional information regarding securities authorized for issuance under stock-based compensation plans is incorporated by reference to Nucor’s 2017 Annual Report to Stockholders, pages 68 through 71.