Nu Skin Enterprises (NUS) will raise its quarterly dividend by 1.4 percent to $0.375 per share in the first quarter of 2020. This follows 18 consecutive years of dividend increases by Nu Skin. The last couple of years the company also did 1.4 percent increases.

The next quarterly dividend will be paid on March 11, 2020, to shareholders of record on February 28, 2020. A new annualized rate of $1.50 per share yields 4.9% at a stock price of $30.45.

"This marks the 19th consecutive year we have increased our dividend, demonstrating our commitment to increasing shareholder value while utilizing our strong financial position," said Ritch Wood, chief executive officer in the company's press release.

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.