Nu Skin Enterprises, Inc. (NYSE:NUS) to Issue $0.06 Quarterly Dividend

Nu Skin Enterprises, Inc. (NYSE:NUS) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.06 per share on Wednesday, December 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, November 29th.

Nu Skin Enterprises has raised its dividend by an average of 1.3% annually over the last three years. Nu Skin Enterprises has a dividend payout ratio of 24.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nu Skin Enterprises to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 24.5%.

Nu Skin Enterprises Price Performance

Shares of Nu Skin Enterprises stock opened at $7.69 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.93 and a quick ratio of 1.20. Nu Skin Enterprises has a one year low of $5.95 and a one year high of $20.75. The business’s 50 day simple moving average is $6.76 and its two-hundred day simple moving average is $9.43. The stock has a market capitalization of $382.27 million, a P/E ratio of -3.71 and a beta of 1.14.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NUS shares. DA Davidson dropped their price target on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. StockNews.com upgraded shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Citigroup dropped their price objective on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating for the company in a report on Tuesday, October 22nd.

Nu Skin Enterprises Company Profile

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.