Nu Skin Enterprises Announces Dividend Increase

Rhea-AI Summary

Nu Skin Enterprises (NYSE: NUS) has announced a quarterly cash dividend increase to $0.385 per share, effective March 9, 2022, for shareholders on record by February 28, 2022. This marks the 21st consecutive year of dividend increases, reflecting the company's strong financial position and confidence in long-term earnings, according to CFO Mark Lawrence. Nu Skin's commitment also includes sustainability initiatives, aiming for reduced packaging by 2030, and it operates in about 50 markets worldwide, offering innovative beauty and wellness products.

Positive

• Quarterly cash dividend increased to $0.385 per share.
• 21st consecutive year of dividend increases.
• Strong financial position reflecting confidence in long-term earnings.

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• None.

PROVO, Utah, Feb. 16, 2022 /PRNewswire/ -- Nu Skin Enterprises, Inc. (NYSE: NUS) today announced its board of directors has increased the quarterly cash dividend to $0.385 per share, which will be paid on March 9, 2022, to shareholders of record on Feb. 28, 2022.

"Nu Skin Enterprises remains committed to returning value to shareholders by increasing its dividend for the 21^st consecutive year," said Mark Lawrence, Nu Skin chief financial officer. "The increase reflects our strong financial position and our confidence in the long-term earnings power of the company."

About Nu Skin Enterprises, Inc.

Nu Skin Enterprises, Inc. (NYSE: NUS) is a leading beauty and wellness company, powered by a dynamic affiliate opportunity platform. The company helps people live, look and feel their best with products that combine the best of science, technology and nature. Backed by more than 35 years of scientific research, Nu Skin develops innovative products including Nu Skin® personal care, Pharmanex® nutrition and the ageLOC® anti-aging brand which includes an award-winning line of beauty device systems. Nu Skin operates in approximately 50 markets worldwide in the Americas, Asia, Europe, Africa and the Pacific. Rhyz Inc. is the company's strategic investment arm that includes a collection of technology and manufacturing companies to support growth in the core Nu Skin business. Nu Skin is committed to sustainability, including global initiatives such as transitioning to reduced and sustainable packaging for all products by 2030. The Nu Skin Force for Good Foundation also strives to improve children's health, education and economic circumstances throughout the world. For more information, visit nuskin.com.

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SOURCE Nu Skin Enterprises

FAQ

What is the new dividend amount for Nu Skin (NUS)?

The new quarterly cash dividend for Nu Skin is $0.385 per share.

When will the dividend be paid to shareholders of Nu Skin (NUS)?

The dividend will be paid on March 9, 2022.

Who is eligible for the dividend payment from Nu Skin (NUS)?

Shareholders of record on February 28, 2022, are eligible for the dividend payment.

How long has Nu Skin (NUS) been increasing its dividend?

Nu Skin has increased its dividend for 21 consecutive years.

What sustainability commitments has Nu Skin (NUS) made?

Nu Skin is committed to reducing and transitioning to sustainable packaging for all products by 2030.