Nu Skin Enterprises manufactures and distributes beauty and nutritional products worldwide. Photo: Flickr.com/Shannon Kringen
About Nu Skin Enterprises
Nu Skin Enterprises manufactures and distributes beauty and wellness products worldwide. The company sells its products primarily through individual sellers on a commission basis. Those individual sellers also have the opportunity to generate additional income by recruiting other individuals into their sales channel. Nu Skin is headquartered in Utah and employs nearly 27,000 people, including 22,000 in China.
The company generates more than 90% of its revenue from outside the United States, mostly in the Asia-Pacific region. Mainland China generates roughly 25% of Nu Skin’s annual revenues. While the company does utilize direct sellers, restrictions and licensing requirements on direct selling in China limit the number of individuals that sell products this way. Instead, Nu Skin emphasizes selling through retail stores and the company website as well as independent 3rd party retailers.
Nu Skin has two primary lines of business: Beauty & Personal Care products, sold mostly under the Nu Skin brand, and Nutritional products, which are sold primarily under the Pharmanex brand. The Nu Skin branded products generate about 60% of Nu Skin’s total revenues, while the remaining 40% is generated by the sale of the Pharmanex nutritional supplements.
The company trades under the ticker symbol NUS.
Nu Skin Enterprises’ Dividend and Stock Split History
Nu Skin Enterprises came public in 1996 and has grown dividends since 2001. The company announces its annual dividend increases in early February, with the stock going ex-dividend in late February.
Nu Skin Enterprises has compounded its payout at an average rate of 4.0% over the last 5 years and 12.7% over the last 10 years.
Nu Skin has not split its stock in its history.
Nu Skin Enterprises’ Direct Purchase and Dividend Reinvestment Plans
Nu Skin Enterprises does not have a direct purchase or dividend reinvestment plan. In order to invest in Nu Skin stock, you’ll need to purchase it through a broker. Most brokers will allow you to reinvest dividends without any fee. Ask your broker for more information on how to set this up if you are interested.
Helpful Links
Nu Skin Enterprises’ Investor Relations Website
Current quote and financial summary for Nu Skin Enterprises (finviz.com)