Medifast : Announces 50 Percent Increase in Quarterly Dividend
December 21, 2017 at 08:09 am EST
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BALTIMORE, Dec. 6, 2017/PRNewswire / -- Medifast, Inc. (NYSE: MED), a leading manufacturer and distributor of clinically proven healthy living products and programs, announced today that its Board of Directors has declared a $0.48cash dividend to its stockholders, reflecting a $0.16or 50 percent increase over the previous quarter's cash dividend. The quarterly cash dividend of $0.48per share is payable on February 8, 2018to stockholders of record as of the close of business on December 22, 2017.
The Company expects to maintain a program of paying dividends on a quarterly basis. However, the declaration of dividends in the future is subject to the discretion of the Medifast Board of Directors, who will evaluate the Company's dividend program from time to time based on factors that it deems relevant.
AboutMedifast:
Medifast (NYSE: MED) is a leading manufacturer and distributor of clinically proven healthy living products and programs. It was founded in 1980 and is the brand recommended by more than 20,000 Doctors. In 2016, the company announced OPTAVIA®, an exclusive brand and product line sold through its community of independent Coaches who offer support and guidance to their Clients. In partnership with OPTAVIA Coaches™, franchise partners, and its Scientific Advisory Board, Medifast offers comprehensive wellness products and programs that focus on creating sustainable change by helping people learn to incorporate healthy habits into their lives. Medifast is traded on the New York Stock Exchange and was named to Forbes' 100 Most Trustworthy Companies in America Listin 2016 and 2017. For more information, visit www.MedifastNow.com or www.OPTAVIA.com.
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Forward Looking Statements
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 are based on present circumstances and on Medifast's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements, including the expected future payment of dividends and any statement of the plans and objectives of management for future operations and forecasts of future growth and value, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Such forward-looking statements are made only as of the date of this release and Medifast assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements.
SOURCE Medifast, Inc.
For further information: Investor Contact: ICR, Inc., Katie Turner, (646) 277-1228
Medifast Inc. published this content on 21 December 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 December 2017 13:09:11 UTC.
Original documenthttps://ir.medifastnow.com/2017-12-06-Medifast-Inc-Announces-50-Percent-Increase-in-Quarterly-Dividend
Public permalinkhttp://www.publicnow.com/view/D4F2E622F74C9EAC9081AD55C6FD6617B1A846FA
Medifast, Inc. is a health and wellness company. The Company provides a habit-based and coach-guided lifestyle solution OPTAVIA, which provides people with a comprehensive approach to help them achieve lasting optimal health and wellbeing. OPTAVIA's lifestyle plans deliver clinically proven health benefits as well as evidence-based tools, including scientifically developed products and a framework for habit creation reinforced by independent coaches and community support. Through a collaboration with the virtual primary care provider LifeMD, Inc (LifeMD), OPTAVIA customers have access to board-certified affiliated clinicians and medications, such as GLP-1s, that support treatment plans for obesity and other health conditions. OPTAVIA Coaches introduce customers to a set of healthy habits, and offer OPTAVIA-branded products, including Fuelings as well as OPTAVIA ACTIVE, a line of essential amino acid supplements and protein powders. Its operations are conducted through its subsidiaries.