Nu Skin Enterprises (NUS) will raise its quarterly dividend by 1.4 percent to $0.37 per share in the first quarter of 2019. This follows 17 consecutive years of dividend increases by Nu Skin.

The next quarterly dividend will be paid on March 13, 2019, to shareholders of record on February 25, 2019. A new annualized rate of $1.48 per share yields 2.4% at a stock price of $63.09.

"Raising our dividend for the 18th consecutive year indicates our ongoing commitment to increasing shareholder value by utilizing our strong financial position," said Ritch Wood, chief executive officer.

Nu Skin Enterprises is a direct selling company that develops and distributes consumer products, offering a line of beauty and wellness solutions. The company's brands include the Nu Skin personal care brand, the Pharmanex  nutrition brand, and the ageLOC anti-aging brand. Nu Skin sells its products in Asia, the Americas, Europe, Africa and the Pacific. Nu Skin became a public company in 1996 and has paid a dividend every year since 2001.