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

Nu Skin Enterprises, Inc. (NYSE:NUS) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Friday, November 27th will be paid a dividend of $0.06 per share on Wednesday, December 9th. This represents a $0.24 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, November 27th.

Nu Skin Enterprises has decreased its dividend payment by an average of 0.3% per year over the last three years. Nu Skin Enterprises has a payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nu Skin Enterprises to earn $1.16 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 20.7%.

Nu Skin Enterprises Trading Up 1.0%

NUS stock opened at $4.58 on Friday. Nu Skin Enterprises has a one year low of $4.32 and a one year high of $11.67. The stock has a market cap of $222.70 million, a price-to-earnings ratio of -1.02 and a beta of 0.92. The company has a fifty day moving average price of $4.77 and a two-hundred day moving average price of $6.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.24.

Nu Skin Enterprises (NYSE:NUS) last issued its quarterly earnings data on Friday, November 6th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.11). The company had revenue of $311.01 million during the quarter, compared to the consensus estimate of $328.70 million. Nu Skin Enterprises had a negative net margin of 15.73% and a positive return on equity of 6.58%. Equities analysts anticipate that Nu Skin Enterprises will post 0.82 EPS for the current year.

Hedge Funds Weigh In On Nu Skin Enterprises

A number of hedge funds have recently bought and sold shares of NUS. Vise Technologies Inc. bought a new stake in shares of Nu Skin Enterprises in the third quarter valued at approximately $79,000. State of Wyoming increased its stake in Nu Skin Enterprises by 37.2% during the 3rd quarter. State of Wyoming now owns 41,835 shares of the company’s stock worth $190,000 after acquiring an additional 11,339 shares during the period. Pinnacle Wealth Planning Services Inc. acquired a new position in Nu Skin Enterprises in the 3rd quarter valued at $38,000. State of Alaska Department of Revenue raised its holdings in Nu Skin Enterprises by 42.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 27,386 shares of the company’s stock valued at $124,000 after acquiring an additional 8,199 shares in the last quarter. Finally, Corient Private Wealth LP acquired a new position in Nu Skin Enterprises in the 2nd quarter valued at $54,000. 82.84% of the stock is owned by institutional investors.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc is a global direct-selling company that develops and distributes personal care and wellness products. Its portfolio includes skincare, beauty and personal care products, nutritional supplements, and wellness-related devices and technologies. The company markets products under brands including Nu Skin and Pharmanex, with its ageLOC product line focused on skincare and age-related wellness.

Founded in 1984 and headquartered in Provo, Utah, Nu Skin sells its products primarily through a network of independent distributors, supported by digital commerce and other direct-to-consumer channels.