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Mannatech Incorporated (MTEX) will increase its quarterly dividend by 28.0 percent to 16 cents per share in 2020. The company cut its dividend back to $0.125 per share in 2019.

The next dividend is payable on September 29, 2020, to shareholders of record at the close of business on September 15, 2020. A new annual rate of 64 cents will yield 3.7% at current stock prices.

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. Mannatech operates in China under a cross-border e-commerce platform that is separate from its network marketing model.