Nu Skin Enterprises, Inc. (NYSE:NUS) to Issue Quarterly Dividend of $0.39

Nu Skin Enterprises, Inc. (NYSE:NUSGet Rating) announced a quarterly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Friday, August 26th will be given a dividend of 0.385 per share on Wednesday, September 7th. This represents a $1.54 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, August 25th.

Nu Skin Enterprises has a payout ratio of 41.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nu Skin Enterprises to earn $3.84 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 40.1%.

Nu Skin Enterprises Trading Down 2.8 %

Shares of Nu Skin Enterprises stock traded down $1.25 during mid-day trading on Friday, hitting $43.35. The stock had a trading volume of 520,423 shares, compared to its average volume of 345,016. The firm has a 50-day moving average of $44.22 and a two-hundred day moving average of $46.51. Nu Skin Enterprises has a 12-month low of $39.40 and a 12-month high of $56.76. The company has a quick ratio of 0.95, a current ratio of 1.72 and a debt-to-equity ratio of 0.28. The firm has a market cap of $2.18 billion, a P/E ratio of 19.53 and a beta of 1.16.

Nu Skin Enterprises (NYSE:NUSGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.03. The business had revenue of $604.90 million during the quarter, compared to analysts’ expectations of $579.70 million. Nu Skin Enterprises had a net margin of 4.57% and a return on equity of 19.85%. The business’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. Sell-side analysts forecast that Nu Skin Enterprises will post 3.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

NUS has been the topic of a number of analyst reports. StockNews.com upgraded shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday, June 22nd. TheStreet lowered shares of Nu Skin Enterprises from a “b” rating to a “c” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.50.

Insider Activity at Nu Skin Enterprises

In other news, Chairman Steven Lund sold 900 shares of Nu Skin Enterprises stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $45.01, for a total value of $40,509.00. Following the transaction, the chairman now owns 26,600 shares of the company’s stock, valued at approximately $1,197,266. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Nu Skin Enterprises news, CEO Ryan S. Napierski sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $44.91, for a total value of $1,122,750.00. Following the sale, the chief executive officer now owns 122,683 shares of the company’s stock, valued at approximately $5,509,693.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Steven Lund sold 900 shares of the business’s stock in a transaction on Friday, June 17th. The shares were sold at an average price of $45.01, for a total transaction of $40,509.00. Following the completion of the sale, the chairman now owns 26,600 shares in the company, valued at approximately $1,197,266. The disclosure for this sale can be found here. Insiders have sold a total of 148,143 shares of company stock worth $6,647,717 in the last ninety days. 2.80% of the stock is owned by insiders.

Institutional Trading of Nu Skin Enterprises

Institutional investors and hedge funds have recently modified their holdings of the stock. Yousif Capital Management LLC lifted its holdings in Nu Skin Enterprises by 2.0% during the 1st quarter. Yousif Capital Management LLC now owns 28,472 shares of the company’s stock valued at $1,363,000 after purchasing an additional 555 shares during the last quarter. Rhumbline Advisers increased its position in shares of Nu Skin Enterprises by 0.6% in the first quarter. Rhumbline Advisers now owns 148,426 shares of the company’s stock worth $7,107,000 after purchasing an additional 849 shares during the period. Guggenheim Capital LLC grew its position in Nu Skin Enterprises by 5.8% in the first quarter. Guggenheim Capital LLC now owns 19,671 shares of the company’s stock valued at $942,000 after acquiring an additional 1,077 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Nu Skin Enterprises by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,260 shares of the company’s stock valued at $874,000 after acquiring an additional 1,741 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in Nu Skin Enterprises by 65.5% in the first quarter. Hsbc Holdings PLC now owns 8,207 shares of the company’s stock valued at $393,000 after acquiring an additional 3,247 shares during the last quarter. 93.79% of the stock is owned by institutional investors.

Nu Skin Enterprises Company Profile

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Nu Skin Enterprises, Inc develops and distributes beauty and wellness products worldwide. It provides skin care systems, including ageLOC Spa systems, ageLOC Transformation anti-aging skin care systems, and ageLOC LumiSpa skin treatment and cleansing devices; and ageLOC Boost, as well as a range of other cosmetic and personal care products.

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Dividend History for Nu Skin Enterprises (NYSE:NUS)

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