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 $0.48 cash dividend to its stockholders,
reflecting a $0.16 or 50 percent
increase over the previous quarter's cash dividend. The quarterly
cash dividend of $0.48 per share is
payable on February 8, 2018 to
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.
About Medifast®:
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 List in 2016 and 2017. For
more information, visit www.MedifastNow.com or
www.OPTAVIA.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.
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SOURCE Medifast, Inc.