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.
Nucor and 2 other stocks that will help you retire rich
It's no secret that investors tend to be impatient with the market, but the best investment strategy is to buy shares in solid businesses and keep them for the long term. These superior stocks tend to come with fantastic growth prospects or stellar dividends. Nucor offers a little bit of both. In the special free report, "3 Stocks That Will Help You Retire Rich," The Motley Fool shares investment ideas and strategies that could help you build wealth for years to come. Click here to grab your free copy today.