Nu Skin Enterprises Announces 9 Percent Increase in Quarterly Dividend
February 09 2010 - 7:30AM
PR Newswire (US)
PROVO, Utah, Feb. 9 /PRNewswire-FirstCall/ -- Nu Skin Enterprises,
Inc. (NYSE:NUS) today announced that its board of directors
declared a 9 percent increase in the quarterly cash dividend to
$0.125 per share. Annually, this would increase the dividend to
$0.50, up from $0.46 in the prior year. The increase begins in the
first quarter and will be paid on March 17, 2010, to shareholders
of record on Feb. 26, 2010. "Because of our financial stability and
strong cash flow, we are increasing our dividend for the eighth
consecutive year," said Truman Hunt, president and chief executive
officer. "Continually increasing our dividend, particularly during
challenging economic times, demonstrates our commitment to
increasing shareholder value and is an effective use of our cash."
The Company Nu Skin Enterprises, Inc. demonstrates its tradition of
innovation through its product portfolio, independent business
opportunity and corporate social responsibility initiatives. Nu
Skin's scientific leadership in both skin care and nutrition has
established Nu Skin as a premier anti-aging company, evidenced in
its patent-pending ageLOC(TM) anti-aging platform and flagship
products including the Galvanic Spa® System II, Tru Face® Essence
Ultra and LifePak® nano. A global direct selling company, Nu Skin
operates in 48 markets worldwide and has more than 760,000
independent sales representatives. Nu Skin Enterprises is traded on
the New York Stock Exchange under the symbol "NUS." More
information is available at http://www.nuskinenterprises.com/.
Please note: This filing contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
including the company's current expectations regarding the amount
and timing of future dividend payments. These forward-looking
statements reflect the company's current estimates and expectations
and are subject to various risks and uncertainties that could cause
actual results to differ materially from any forward-looking
statement in this filing. These risks and uncertainties include the
risk that any negative changes in the company's net earnings,
financial condition, cash requirements, future prospects or other
factors deemed relevant by the company's board of directors could
cause the company to reduce or discontinue the payment of quarterly
dividends. The forward-looking statements contained herein are
further qualified by a detailed discussion of associated risks set
forth in the documents filed by the company with the Securities and
Exchange Commission, including the company's Annual Report on Form
10-K filed on February 27, 2009 and Quarterly Reports on Form 10-Q
filed on May 8, 2009, August 7, 2009 and November 9, 2009. The
forward-looking statements set forth the company's beliefs as of
the date of this release, and the company assumes no duty to update
the forward-looking statements contained in this release to reflect
any change except as required by law. DATASOURCE: Nu Skin
Enterprises, Inc. CONTACT: Investors, Scott Pond, +1-801-345-2657,
, or Media, Kara Schneck +1-801-345-2116, Web Site:
http://www.nuskinenterprises.com/
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