Nu Skin plans to boost dividend in 2013
PROVO, Utah (AP) — Nu Skin Enterprises Inc. plans to boost its regularly scheduled dividend payments by 50 percent next year.
The Provo, Utah company, which makes anti-aging products cited sustained growth that has provided the financial flexibility to increase dividends, buyback stock and continue to invest in itself.
Beginning with its regular first quarter dividend, Nu Skin Enterprises Inc. expects to pay 30 cents per share, up from its previous quarterly dividend of 20 cents per share.
The company also said Tuesday that the Tokyo High Court recently upheld a negative ruling on $33 million in customs duties levied on Nu Skin products between 2002 and 2005. Nu Skin said disagrees with the decision and has appealed to the Supreme Court of Japan.
The company said the recent ruling won't affect its financial results, because it previously paid and recorded as an expense the full amount of the assessment.