PROVO, Utah, Feb. 6 /PRNewswire-FirstCall/ -- Nu Skin Enterprises, Inc. (NYSE:NUS) today announced the Board of Directors has declared a quarterly cash dividend of $0.07 per share for all classes of common stock. The quarterly dividend will be paid on March 26, 2003, to stockholders of record on March 7, 2003.
"Our strong 2002 results allow us to increase the quarterly dividend by 17 percent," said Steven J. Lund, chief executive officer. "Last year we grew our cash position by 59 percent and felt is was appropriate to use this cash to improve the return to our shareholders through an increased dividend."
Nu Skin Enterprises, Inc. is a global direct selling company operating in more than 30 markets throughout Asia, the Americas and Europe. The company markets premium quality personal care products under the Nu Skin(R) brand, science-based nutritional supplements under the Pharmanex(R) brand, and business service and home-care products under the Big Planet(R) brand. Nu Skin Enterprises is traded on the New York Stock Exchange under the symbol "NUS."