This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
Nu Skin Enterprises Inc., a Provo-based multilevel marketing company that sells health and nutritional products, said it plans to increase its regularly scheduled dividend payments by 50 percent for 2013.
The company said the planned increase will be the 12th consecutive year it has raised dividends to stockholders.
"Based on our consistent growth and our commitment to return capital to stockholders, we expect to increase our 2013 dividend by 50 percent, which would represent a 140 percent increase in dividends over the past three years," Truman Hunt, president and CEO, said in a statement.
The company said it expects to pay a dividend of 30 cents per share for the first quarter of its 2013 fiscal year, or $1.20 per year, compared to the previously quarterly dividend of 20 cents per share, or 80 cents per year.