PARK CITY, Utah, Dec. 11, 2012 /PRNewswire/ -- Nutraceutical International Corporation (NASDAQ: NUTR) today announced that its Board of Directors has declared a first ever, special cash dividend on Nutraceutical International Corporation common stock of $1.00 per share payable December 28, 2012, to shareholders of record on December 21, 2012. The aggregate amount of payments to be made in connection with this special dividend will be approximately $9.8 million.
"Today's announcement of a $1.00 special dividend, payable prior to the end of the calendar year, provides us with an opportunity to return some capital to our shareholders," said Bill Gay, chairman and chief executive officer. "We have had a strong year, our business fundamentals remain strong, we believe the company is well positioned to move forward aggressively and we are confident in our ability to fund our growth and acquisition plans and continue our stock repurchase program."
We are an integrated manufacturer, marketer, distributor and retailer of branded nutritional supplements and other natural products sold primarily to and through domestic health and natural food stores. Internationally, we market and distribute branded nutritional supplements and other natural products to and through health and natural product distributors and retailers. Our core business strategy is to acquire, integrate and operate businesses in the natural products industry that manufacture, market and distribute branded nutritional supplements. We believe that the consolidation and integration of these acquired businesses provides ongoing financial synergies through increased scale and market penetration, as well as strengthened customer relationships.We manufacture and sell nutritional supplements and other natural products under numerous brands including Solaray®, KAL®, Nature's Life®, LifeTime®, Natural Balance®, bioAllers®, Herbs for Kids™, NaturalCare®, Health from the Sun®, Life-flo®, Organix South®, Pioneer® and Monarch Nutraceuticals™. We own neighborhood natural food markets, which operate under the trade names The Real Food Company™, Thom's Natural Foods™ and Cornucopia Community Market™. We also own health food stores, which operate under the trade names Fresh Vitamins™, Granola's™, Nature's Discount™ and Warehouse Vitamins™. We manufacture and/or distribute one of the broadest branded product lines in the industry with over 7,000 SKUs, including approximately 900 SKUs sold internationally. We believe that as a result of our emphasis on innovation, quality, loyalty, education and customer service, our brands are widely recognized in health and natural food stores and among their customers.