Nu Skin Enterprises, Inc. (NYSE: NUS) today announced that its board of directors has increased its stock repurchase authorization to $500 million, an increase of approximately $260 million.
"We remain confident in our ability to grow the business as we begin to introduce our innovative new ageLOC products," said Ritch Wood, chief financial officer. "We plan to use our financial strength to repurchase shares and create shareholder value."