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

Nu Skin Enterprises, Inc. (NYSE:NUS) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given 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 of this dividend is Friday, November 29th.

Nu Skin Enterprises has increased its dividend by an average of 1.3% annually over the last three years. Nu Skin Enterprises has a payout ratio of 24.2% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 1.5 %

NUS opened at $7.44 on Wednesday. Nu Skin Enterprises has a fifty-two week low of $5.95 and a fifty-two week high of $20.75. The company’s 50-day moving average price is $6.75 and its 200 day moving average price is $9.44. The company has a current ratio of 1.93, a quick ratio of 1.20 and a debt-to-equity ratio of 0.53.

Analyst Ratings Changes

Several research firms recently weighed in on NUS. StockNews.com upgraded shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Citigroup dropped their price target on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Finally, DA Davidson dropped their price target on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th.

About Nu Skin Enterprises

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.