BALTIMORE, Sept. 6, 2018 /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. The
quarterly cash dividend of $0.48 per
share is payable on November 8, 2018
to stockholders of record as of the close of business on
September 21, 2018.
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. The brand has been recommended by more than 20,000
doctors since its founding. Its integrated coach model leverages
nearly 40 years of experience from medical, franchise, e-commerce,
and direct selling channels. Medifast and its community of
independent OPTAVIA Coaches embrace the future of
wellness with a shared vision to offer the world lifelong
transformation, one healthy habit at a time™. OPTAVIA
is represented by a community of OPTAVIA Coaches who teach
Clients healthy habits, while offering support and guidance on
their transformation journey. In 2018, Medifast announced it will
expand into the Asia-Pacific
markets of Hong Kong and
Singapore in 2019 with its
integrated coach model. 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.MedifastInc.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.
View original content with
multimedia:http://www.prnewswire.com/news-releases/medifast-inc-announces-quarterly-dividend-300706295.html
SOURCE Medifast, Inc.