Nu Skin Enterprises Announces Dividend Increase for 22nd Consecutive Year

Rhea-AI Summary

Nu Skin Enterprises (NYSE: NUS) announced a quarterly cash dividend increase to $0.39 per share, payable on March 8, 2023, to shareholders recorded by February 27, 2023. This increase marks the 22nd consecutive year of dividend growth, showcasing the company's commitment to returning value to shareholders. Chief Financial Officer Mark Lawrence emphasized the company's strong financial position and its confidence in its long-term direction.

Positive

• Increased quarterly cash dividend to $0.39 per share.
• 22nd consecutive year of dividend payments and increases.
• Highlights confidence in long-term company direction.

Negative

• None.

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PROVO, Utah, Feb. 15, 2023 /PRNewswire/ -- Nu Skin Enterprises, Inc. (NYSE: NUS) today announced its board of directors has increased the quarterly cash dividend to $0.39 per share, which will be paid on March 8, 2023, to shareholders of record on Feb. 27, 2023.

"This marks the 22^nd consecutive year of paying and increasing our dividend, demonstrating our confidence in the long-term direction of the company and the strong commitment of returning value to our shareholders by leveraging our healthy financial position," said Mark Lawrence, Nu Skin chief financial officer.

About Nu Skin Enterprises, Inc.
Nu Skin Enterprises, Inc. (NYSE: NUS) is a global integrated beauty and wellness company, powered by a dynamic affiliate opportunity platform. The company helps people look, feel and live 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 nearly 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the new dividend amount for NUS shareholders?

The new dividend amount for Nu Skin Enterprises (NUS) is $0.39 per share.

When will the new dividend be paid to shareholders of NUS?

The new dividend will be paid on March 8, 2023.

What is the record date for NUS dividend payments?

The record date for the NUS dividend payments is February 27, 2023.

How many consecutive years has NUS increased its dividend?

Nu Skin Enterprises has increased its dividend for 22 consecutive years.

What does this dividend increase indicate about NUS's financial position?

The dividend increase indicates Nu Skin's confidence in its strong financial position and long-term direction.