December 23, 2008 – (HOSTSEARCH.COM) – Web host
iMergent (AMEX:IIG) has adjusted its quarterly dividend, it was reported recently. The dividend is payable on January 20, 2009 and has been reduced from $0.11 a share to $0.02 a share.
"In light of the current volatility in the financial markets, we felt it was important to review our strategic use of cash,” iMergent CEO Steven G. Mihaylo was reported as saying. “At this time, we believe the most effective use of cash in the current economic environment is to continue our share repurchase program, which was commenced in August 2006. Accordingly, we adjusted the quarterly dividend from $0.11 per share to $0.02.”
With headquarters in Orem, Utah, USA, iMergent provides “entrepreneurs and small businesses” ecommerce solutions that allow users to “market and sell their business products or ideas via the Internet”. The company offers StoresOnline software and training services, and its products allow users to “build successful Internet strategies to market products, accept online orders, analyze marketing performance, and manage pricing and customers”. The company also offers website development, web hosting and marketing products.
