Mannatech Declares Special 2020 Dividend
21 November 2020 - 9:20AM
Business Wire
Mannatech, Incorporated
(NASDAQ: MTEX), a global health and wellness company committed to
transforming lives to make a better world, announced that its Board
of Directors declared a cash dividend of $1.16 per share of common
stock, payable on Wednesday, December 30, 2020, to shareholders of
record at the close of business on Wednesday, December 16, 2020.
This dividend combines the quarterly dividend amount of $0.16 per
share with a special dividend amount of $1.00 per share and
demonstrates the Company's commitment to rewarding shareholders and
encouraging long-term investment in Mannatech’s common stock.
Alfredo “Al” Bala, President and CEO of Mannatech, said,
“Mannatech is fully committed to delivering value to our
shareholders, as confirmed by this special dividend.”
About Mannatech
Mannatech, Incorporated is committed to transforming lives
through the development of high quality integrated health, weight
management, fitness and skin care products distributed through its
global network of independent associates and members. The company
has been operating for more than 25 years with operations in 25
markets^. For more information, visit Mannatech.com.
^ Mannatech operates in China under a cross-border e-commerce
platform that is separate from its network marketing model.
Please Note: This release contains
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, Section 21E of the
Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements generally can be identified by use of phrases or
terminology such as “may,” “will,” “should,” "hope," “could,”
“would,” “expects,” “plans,” “intends,” “anticipates,” “believes,”
“estimates,” “approximates,” “predicts,” “projects,” “potential,”
and “continues” or other similar words or the negative of such
terminology. Similarly, descriptions of Mannatech’s objectives,
strategies, plans, goals or targets contained herein are also
considered forward-looking statements. Mannatech believes this
release should be read in conjunction with all of its filings with
the United States Securities and Exchange Commission and cautions
its readers that these forward-looking statements are subject to
certain events, risks, uncertainties, and other factors. Some of
these factors include, among others, the outbreak of the novel
coronavirus ("COVID-19") pandemic, Mannatech’s inability to attract
and retain associates and members, increases in competition,
litigation, regulatory changes, and its planned growth into new
international markets. Although Mannatech believes that the
expectations, statements, and assumptions reflected in these
forward-looking statements are reasonable, it cautions readers to
always consider all of the risk factors and any other cautionary
statements carefully in evaluating each forward-looking statement
in this release, as well as those set forth in its latest Annual
Report on Form 10-K, and other filings filed with the United States
Securities and Exchange Commission, including its current reports
on Form 8-K. All of the forward-looking statements contained herein
speak only as of the date of this release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201120005750/en/
Donna Giordano 972-471-6512 ir@mannatech.com
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