Mannatech (MTEX) Lowers Quarterly Dividend 75% to $0.125; 2.6% Yield

Mannatech (NASDAQ: MTEX) declared a quarterly dividend of $0.125 per share, or $0.5 annualized. This is a 75% decrease from the prior dividend of $0.50.

The dividend will be payable on March 22, 2019, to stockholders of record on March 12, 2019, with an ex-dividend date of March 11, 2019.

The annual yield on the dividend is 2.6 percent.

Alfredo “Al” Bala, President and CEO of Mannatech, said, “The Tax Cuts and Jobs Act gave us more latitude in our treasury operations. During the second quarter of 2018, we brought cash that had been invested overseas to the U.S. at a lower tax rate because of this tax reform. This allowed us to take some actions to deliver value to the shareholder. First we invested $7.5 million to purchase our own stock, and second, our second quarter and third quarter dividend were increased to $0.50 per share. Now we are returning our dividend to the previous rate of $0.125 per share.”

For a dividend history and other dividend-related data on Mannatech (MTEX) click here.

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