OWINGS MILLS, Md., June 7, 2017 /PRNewswire/ -- Medifast, Inc.
(NYSE: MED), a leading provider of clinically studied healthy
living products and programs, announced today that its Board of
Directors has declared a $0.32 cash
dividend to its stockholders. The quarterly cash dividend of
$0.32 per share is payable on
August 9, 2017 to stockholders of
record as of the close of business on June
23, 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.
About Medifast®:
Medifast
(NYSE: MED) is a leading provider of clinically studied
healthy living products and programs. It partners with more than
12,500 Take Shape For Life® Health Coaches to help its Clients
achieve Optimal Wellness through a proven weight management and
Habits of Health system. Medifast was founded in 1980 in
Owings Mills, Maryland and has
been recommended by more than 20,000 Doctors. The company was
named to Forbes' 100 Most Trustworthy Companies in
America List in 2016 and 2017. For
more information, visit www.MedifastNow.com.
MED-F
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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/medifast-inc-announces-quarterly-dividend-300470519.html
SOURCE Medifast, Inc.