Technology

iMergent to cut quarterly dividend -- iMergent Inc., an Orem eCommerce software company, said it will cut its quarterly cash dividend to 2 cents a share from 11 cents a share.

The company said the dividend is payable on Jan. 20 to stockholders of record at the close of business on Jan. 5.

"In light of the current volatility in the financial markets, we felt it was important to review our strategic use of cash," said Steven G. Mihaylo, chief executive officer of iMergent. "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."