PROVO, Utah—Nu Skin Enterprises Inc.’s board of directors declared a 9-percent increase in the quarterly cash dividend to $0.125 per share. Annually, this would increase the dividend to $0.50, up from $0.46 in the prior year. The increase begins in the first quarter and will be paid on March 17, 2010, to shareholders of record on Feb. 26, 2010.
“Because of our financial stability and strong cash flow, we are increasing our dividend for the eighth consecutive year,” said Truman Hunt, president and chief executive officer. “Continually increasing our dividend, particularly during challenging economic times, demonstrates our commitment to increasing shareholder value and is an effective use of our cash.”