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

Nu Skin Enterprises, Inc. (NYSE:NUS) declared a quarterly dividend on Monday, August 10th. Shareholders of record on Friday, August 28th will be paid a dividend of 0.06 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, August 28th.

Nu Skin Enterprises has decreased its dividend by an average of 0.3%per year over the last three years. Nu Skin Enterprises has a dividend payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Nu Skin Enterprises to earn $1.32 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 18.2%.

Nu Skin Enterprises Trading Down 6.0%

NUS stock opened at $5.16 on Tuesday. The company’s 50-day simple moving average is $5.21 and its 200-day simple moving average is $6.94. The company has a quick ratio of 1.34, a current ratio of 2.03 and a debt-to-equity ratio of 0.26. Nu Skin Enterprises has a 52-week low of $4.89 and a 52-week high of $14.62. The firm has a market cap of $250.52 million, a P/E ratio of 4.69 and a beta of 0.98.

Nu Skin Enterprises (NYSE:NUS) last announced its quarterly earnings results on Sunday, August 9th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Nu Skin Enterprises had a return on equity of 7.47% and a net margin of 3.78%.The firm had revenue of $320.11 million during the quarter, compared to analyst estimates of $345.20 million. As a group, equities analysts forecast that Nu Skin Enterprises will post 1 EPS for the current fiscal year.

Institutional Investors Weigh In On Nu Skin Enterprises

A number of hedge funds have recently modified their holdings of the business. Range Financial Group LLC boosted its position in Nu Skin Enterprises by 7.0% during the first quarter. Range Financial Group LLC now owns 30,441 shares of the company’s stock worth $222,000 after acquiring an additional 1,982 shares during the last quarter. Graham Capital Management L.P. grew its stake in Nu Skin Enterprises by 7.7% during the 4th quarter. Graham Capital Management L.P. now owns 28,955 shares of the company’s stock valued at $279,000 after acquiring an additional 2,077 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Nu Skin Enterprises by 13.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,017 shares of the company’s stock valued at $226,000 after acquiring an additional 2,587 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Nu Skin Enterprises by 107.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,048 shares of the company’s stock valued at $40,000 after acquiring an additional 2,614 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Nu Skin Enterprises by 2.5% in the 4th quarter. Russell Investments Group Ltd. now owns 110,850 shares of the company’s stock worth $1,066,000 after purchasing an additional 2,738 shares in the last quarter. 82.84% of the stock is currently owned by institutional investors and hedge funds.

Nu Skin Enterprises Company Profile

Nu Skin Enterprises, Inc is a Utah-based direct selling company that develops and distributes personal care products and dietary supplements. Operating through a network marketing model, Nu Skin offers a portfolio of wellness, anti-aging skin care, hair care and nutritional products designed to support healthy living and appearance. The company leverages independent distributors to market its offerings directly to consumers across multiple channels, including online platforms and localized events.

Founded in 1984 by Blake M.