BALTIMORE, Dec. 11, 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 $0.75 cash dividend to its stockholders. The
quarterly cash dividend of $0.75 per
share is payable on February 7, 2019
to stockholders of record as of the close of business on
December 21, 2018. The declared
dividend represents a 56 percent increase from the last quarterly
dividend of $0.48 per
share.
"This increase reflects our confidence in the business as well
our commitment to deliver attractive total stockholder returns,"
said Dan Chard, Chief Executive
Officer of Medifast.
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.
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.
MED-F
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SOURCE Medifast, Inc.