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

Nu Skin Enterprises, Inc. (NYSE:NUS) declared a quarterly dividend on Thursday, August 8th, Wall Street Journal reports. Shareholders of record on Friday, August 30th will be given a dividend of 0.06 per share on Wednesday, September 11th. This represents a $0.24 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, August 30th.

Nu Skin Enterprises has increased its dividend payment by an average of 1.3% per year over the last three years and has increased its dividend every year for the last 23 years. Nu Skin Enterprises has a payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Nu Skin Enterprises to earn $1.43 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 16.8%.

Nu Skin Enterprises Stock Performance

NUS traded down $0.32 during trading on Friday, hitting $10.08. The company’s stock had a trading volume of 918,113 shares, compared to its average volume of 748,592. The company has a quick ratio of 1.24, a current ratio of 2.09 and a debt-to-equity ratio of 0.56. Nu Skin Enterprises has a one year low of $9.74 and a one year high of $25.51. The firm has a market cap of $500.64 million, a PE ratio of -179.17 and a beta of 1.13. The business’s 50 day simple moving average is $11.35 and its 200-day simple moving average is $12.99.

Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. Nu Skin Enterprises had a negative net margin of 0.17% and a positive return on equity of 9.28%. The business had revenue of $439.10 million for the quarter, compared to the consensus estimate of $431.87 million. During the same period last year, the firm earned $0.54 earnings per share. The company’s quarterly revenue was down 12.2% on a year-over-year basis. As a group, sell-side analysts predict that Nu Skin Enterprises will post 1.1 EPS for the current fiscal year.

Insider Transactions at Nu Skin Enterprises

In related news, Director Andrew D. Lipman sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $13.33, for a total transaction of $26,660.00. Following the completion of the transaction, the director now directly owns 23,225 shares of the company’s stock, valued at $309,589.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson reduced their price objective on shares of Nu Skin Enterprises from $15.50 to $12.50 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.83.

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.