Great dividends can make you rich. If that's a secret, it's the worst-kept mystery on Wall Street. Even a modest dividend will beat the richest savings account interest rates, and you get to enjoy gains in the underlying stock as well. Steel producer Nucor (NYSE:NUE) combines a rich dividend with stellar innovation, which will keep the payouts strong for many years to come.

In the video below, Fool analyst Anders Bylund dives into what makes Nucor special. How did this richly valued stock still manage to build a dividend yield that crushes its industry rivals, not to mention beating the average yield on the Dow Jones Industrial Average? Why would an income investor prefer Nucor over Timken (NYSE:TKR) or U.S. Steel (NYSE:X), and why does this innovator always seem to be one step ahead of even its mini-mill archrival Steel Dynamics (NASDAQ:STLD)?

Watch the video to find out.

Fool contributor Anders Bylund has no position in any stocks mentioned. The Motley Fool recommends Nucor. Try any of our Foolish newsletter services free for 30 days.

We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.