Nu Skin Enterprises Updates Capital Allocation Priorities; Cuts Quarterly Cash Dividend From $0.39 To $0.06 Per Share
Portfolio Pulse from Benzinga Newsdesk
Nu Skin Enterprises has revised its capital allocation priorities, resulting in a reduction of its quarterly cash dividend from $0.39 to $0.06 per share. The new dividend will be paid on March 6, 2024, to shareholders of record as of February 26, 2024. The company aims to align its dividend payout ratio with or surpass that of its industry peers.
February 14, 2024 | 10:51 pm
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Nu Skin Enterprises has significantly reduced its quarterly dividend from $0.39 to $0.06 per share, aiming for a payout ratio in line with industry peers.
The substantial reduction in the dividend payout is likely to be viewed negatively by income-focused investors, potentially leading to a short-term decrease in stock price. However, aligning with industry standards could be seen as a positive move for long-term financial health.
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