Business Digest
This is an archived article that was published on sltrib.com in 2006, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Nu Skin to pay stockholders

10 cent dividend per share

Nu Skin Enterprises said it will pay a quarterly dividend of 10 cents per share to stockholders of record as of Sept. 1. The dividend will be paid Sept. 20.

The announcement comes as the Provo-based maker of nutritional supplements and skin care products tries to overcome its lackluster financial performance.

For the quarter ended June 30, Nu Skin's revenue was $284.1 million, compared with $310.1 million for the prior-year period.

Net income and earnings per share for the quarter were $14.1 million and $0.20, respectively, compared with net income of $22.8 million and earnings per share of $0.32 for the same period in 2005.

Those numbers could improve now that Nu Skin has received a direct-selling license for mainland China, considered a lucrative market for cosmetics and other personal care products.

Nu Skin Enterprises is traded on the New York Stock Exchange under the symbol NUS.

- Linda Fantin

Applied Financial acquired

Minneapolis-based Marquette Financial Companies has acquired Applied Financial, LLC, a Salt Lake City equipment financing company.

Terms of the deal, including the purchase price, were not disclosed.

Founded in 2000, Applied Financial specializes in leases on business equipment valued at $100,000 to $5 million.

Applied Financial will continue to be based in Salt Lake City, and all of its 75 employees, including its senior management team, have been retained, Marquette said.

Marquette is a privately held financial services company with a portfolio of operating companies focused on providing financial services to businesses.

- Lesley Mitchell

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