OWINGS MILLS, Md., Dec. 8, 2016 /PRNewswire/ -- Medifast, Inc.
(NYSE: MED), a leading United
States manufacturer and provider of clinically proven
weight-loss and healthy living products and programs, announced
today that its Board of Directors has declared a $0.32 quarterly cash dividend to its
stockholders, reflecting a $0.07 or
28 percent increase over the previous quarter's cash dividend. The
quarterly cash dividend of $0.32 per
share is payable on February 9, 2017
to stockholders of record as of the close of business on
December 23, 2016.
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
easy-to-use, clinically proven, weight-loss and healthy living
products and programs. Medifast aims to help customers lead a
healthier lifestyle through a holistic approach to weight-loss and
weight management, nutrition education and fitness. Medifast's
proven results are based on the use of structured meal plans
featuring Medifast Meals, which are nutritionally designed to
assist customers with successful weight-loss and weight
management. The company sells its products and programs via
four distribution channels: 1) the web and national call centers,
2) the Take Shape For Life® personal coaching division,
3) Medifast Weight Control Centers®, and 4) a national
network of physicians. Medifast was founded in 1980 and
is located in Owings Mills, Maryland. For more information,
log onto 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.
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SOURCE Medifast, Inc.