Nu Skin Enterprises Announces Dividend Increase

Rhea-AI Summary

Nu Skin Enterprises (NYSE: NUS) announced a quarterly cash dividend increase to $0.38 per share, marking the 20th consecutive year of dividend growth. The dividend will be payable on March 10, 2021, to shareholders record on February 26, 2021. CEO Ritch Wood highlighted the company's commitment to returning value to shareholders through strong free cash flow and a healthy balance sheet.

Positive

• Dividend increased to $0.38 per share.
• 20th consecutive year of dividend payments and increases.
• Strong free cash flow supports dividend growth.

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• None.

PROVO, Utah, Feb. 10, 2021 /PRNewswire/ -- Nu Skin Enterprises, Inc. (NYSE: NUS) today announced its board of directors has increased the quarterly cash dividend to $0.38 per share, which will be paid on March 10, 2021, to shareholders of record on Feb. 26, 2021.

"This marks our 20^th consecutive year of paying and increasing our dividend, demonstrating our commitment to returning value to our shareholders by utilizing our strong free cash flow and healthy balance sheet," said Ritch Wood, chief executive officer.

About Nu Skin Enterprises, Inc.
Founded more than 35 years ago, Nu Skin Enterprises, Inc. (NSE) empowers innovative companies to change the world with sustainable solutions, opportunities, technologies and life-improving values. The company currently focuses its efforts around innovative consumer products, product manufacturing and controlled environment agriculture technology. The NSE family of companies includes Nu Skin, which develops and distributes a comprehensive line of premium-quality beauty and wellness solutions through a global network of sales leaders in Asia, the Americas, Europe, Africa and the Pacific; and Rhyz, our strategic investment arm that includes a collection of sustainable manufacturing and technology innovation companies. Nu Skin Enterprises is traded on the New York Stock Exchange under the symbol "NUS." More information is available at nuskinenterprises.com.

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SOURCE Nu Skin Enterprises

FAQ

When is the dividend payment for Nu Skin Enterprises?

The dividend will be paid on March 10, 2021.

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

The new quarterly cash dividend is $0.38 per share.

How long has Nu Skin been increasing its dividend?

Nu Skin has increased its dividend for 20 consecutive years.

When is the record date for the dividend?

The record date for the dividend is February 26, 2021.