Nu Skin Enterprises, Inc. (NUS) to Issue Quarterly Dividend of $0.06 on December 11th

Nu Skin Enterprises, Inc. (NYSE:NUS) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.06 per share on Wednesday, December 11th. This represents a $0.24 annualized dividend and a yield of 3.23%. The ex-dividend date is Friday, November 29th.

Nu Skin Enterprises has increased its dividend payment by an average of 1.3% per year over the last three years. Nu Skin Enterprises has a payout ratio of 24.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.5 %

NUS stock opened at $7.44 on Wednesday. The business has a fifty day simple moving average of $6.75 and a 200-day simple moving average of $9.44. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.20 and a current ratio of 1.93. Nu Skin Enterprises has a 52 week low of $5.95 and a 52 week high of $20.75.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NUS shares. DA Davidson decreased 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. Citigroup decreased their price objective on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Finally, StockNews.com raised shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

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.