PROVO, Utah, Feb. 2, 2012 /PRNewswire/ --Nu Skin Enterprises, Inc. (NYSE: NUS) today announced that its board of directors has declared a 25 percent increase in the quarterly cash dividend to $0.20 per share, compared to the previous dividend of $0.16 per share. This dividend will be paid on March 14, 2012 to shareholders of record on Feb. 24, 2012.
"Based on our strong cash flow position, we are able to execute another double-digit increase to our annual dividend," said Truman Hunt, president and chief executive officer. "This, together with our last increase in the third quarter of 2011 represents a nearly 50 percent dividend increase in the past six months, and marks the eleventh consecutive year of increases since we began paying a dividend in 2001. We remain committed to our dividend strategy which enhances shareholder value and proves to be an effective use of our cash."
About Nu Skin Enterprises
Nu Skin Enterprises, Inc. demonstrates its tradition of innovation through its comprehensive anti-aging product portfolio, independent business opportunity and corporate social responsibility initiatives. The company's scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company, evidenced in its unique ageLOC' science that addresses aging at its source. The company's anti-aging products feature the new ageLOC suite of products including the ageLOC R2 nutritional supplement, ageLOC Galvanic Spa System and Galvanic Body Spa', as well as the ageLOC Transformation daily skin care system. A global direct selling company, Nu Skin operates in 52 markets worldwide and has more than 850,000 independent distributors. Nu Skin is traded on the New York Stock Exchange under the symbol "NUS." More information is available at http://www.nuskin.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 the risks discussed in company filings with the U.S. Securities and Exchange Commission, which risks could cause actual results and outcomes to differ materially from expected results and any forward-looking statements or views expressed herein. The company undertakes no obligation to publicly update any forward-looking statement contained in this press release, whether as a result of new information, future developments or otherwise, except as may be required by law.
SOURCE Nu Skin Enterprises, Inc.