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Mannatech Declares Dividend for past quarter

This is good news for the struggling supplement and skin care company. I’m guessing that a majority of stocks did NOT show any type of profit in the 3rd quarter of 2008…

Press Release
2008-11-20 – Mannatech, Incorporated

Mannatech, Incorporated (NASDAQ: MTEX), a leading developer and provider of proprietary dietary supplements, weight management products and skin care solutions, today announced that its Board of Directors declared a quarterly cash dividend on Wednesday, November 19, 2008 of $0.02 per share of common stock payable on Monday, December 29, 2008, to shareholders of record at the close of business on Thursday, December 11, 2008.

Wayne Badovinus, president and CEO of Mannatech, said, “This marks the 19th dividend declared by our board since January 2004. Although we made progress in the third quarter by returning to profitability at the operating level, strong liquidity remains an important factor in our on-going turnaround efforts. Continuing our dividend at this level makes an important contribution to this effort. We believe in the quality of our products and the future of our company and we remain committed to returning value to our shareholders.”

About Mannatech

Mannatech, Incorporated, is a global wellness solutions provider of innovative, high-quality, proprietary dietary supplements, skin care products, and weight and fitness products sold through independent Associates and Members located in the United States and the international markets of Canada, Australia, the United Kingdom, Japan, New Zealand, the Republic of Korea, Taiwan, Denmark, Germany, South Africa, and Singapore.

For more information, visit www.mannatech.com

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  • Jonathon Pugsley November 22, 2008, 1:25 pm

    Excellent article!

    Thank you for the informative article about Mannatech. I did not know that they were struggling. However, it does sound like they are on the right track for turning things around.

    If they keep it up they should be able to beat the tough times.

    Jonathon Pugsley
    homebasedphilosphy@getresponse.com