OWINGS MILLS, Md., Sept. 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
November 9, 2017 to stockholders of
record as of the close of business on September 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 provider of clinically studied healthy living
products and programs. It partners with OPTAVIA Coaches™ to
help its clients achieve Optimal Health™ and Wellbeing through a
comprehensive approach to Lifelong Transformation, One Healthy
Habit at a Time™, with personal support and scientifically proven
plans and Fuelings. Medifast was founded in 1980 in
Owings Mills, Maryland and is the brand recommended by more
than 20,000 Doctors since 1980. The company was named to the Forbes
100 Most Trustworthy Companies in America
List in 2017 and 2016. 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 generally can be identified by use of
phrases or terminology such as "intend" or other similar words or
the negative of such terminology. Similarly, descriptions of
Medifast's objectives, strategies, plans, goals or targets
contained herein are also considered forward-looking statements.
Medifast believes this release should be read in conjunction with
all of its filings with the United States Securities and Exchange
Commission and cautions its readers that these forward-looking
statements are subject to certain events, risks, uncertainties, and
other factors. Some of these factors include, among others,
Medifast's inability to attract and retain independent
OPTAVIA Coaches and Members, stability in the pricing of
print, TV and Direct Mail marketing initiatives affecting the cost
to acquire customers, increases in competition, litigation,
regulatory changes, and its planned growth into new domestic and
international markets and new channels of distribution. Although
Medifast believes that the expectations, statements, and
assumptions reflected in these forward- looking statements are
reasonable, it cautions readers to always consider all of the risk
factors and any other cautionary statements carefully in evaluating
each forward-looking statement in this release, as well as those
set forth in its latest. Annual Report on Form 10-K and Quarterly
Report on Form 10-Q, and other filings filed with the United States
Securities and Exchange Commission, including its current reports
on Form 8-K. All of the forward-looking statements contained herein
speak only as of the date of this release.
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SOURCE Medifast, Inc.