PROVO, Utah, July 19, 2011 /PRNewswire/ -- Nu Skin Enterprises, Inc. (NYSE: NUS) today announced that its board of directors has declared a19 percent increase in the quarterly cash dividend to $0.16 per share, compared to the previous dividend of $0.135 per share. This $0.10 per year increase begins in the third quarter and will be paid on Sept. 14, 2011, to shareholders of record as of Aug. 26, 2011.
"We are pleased to be in a position where we can effectively use our strong cash position to increase our dividend and reward our shareholders," said Truman Hunt, president and chief executive officer. "Since we began paying a quarterly dividend in 2001, we have increased the amount approximately 220 percent, or nearly 14 percent on a compounded basis. The dividend increase is an effective use of our cash and represents our continued commitment to increasing shareholder value."
About Nu Skin Enterprises, Inc.
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 Transformation daily skin care system, ageLOC Future Serum and the ageLOC Edition Galvanic Spa® System II, as well as the ageLOC Vitality nutritional supplement. A global direct selling company, Nu Skin operates in 52 markets worldwide and has approximately 800,000 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.