Sam Caster, Chairman and CEO of Mannatech, said, "This is the third consecutive year that we have increased our dividend payment to our shareholders. The strong financial position of our company supports our continuing dividend program. Our commitment remains to continue to return value to our shareholders."
Mannatech (Nasdaq: MTEX) declared a 12.5% increase in its regular quarterly cash dividend. The new quarterly dividend rate will be $0.09 per common share as compared to $0.08 per common share in the prior year. The next quarterly dividend is payable on Friday, April 13, 2007, to shareholders of record at the close of business on Wednesday, March 28, 2007.
