LifeMD Declares Quarterly Dividend on Series A Cumulative Perpetual Preferred Stock
September 26 2023 - 8:00AM
LifeMD, Inc. (Nasdaq: LFMD/LFMDP), a leading provider of virtual
primary care services, today announced that its Board of Directors
has authorized a cash dividend to holders of the Company’s 8.875%
Series A Cumulative Perpetual Preferred Stock (Nasdaq: LFMDP) equal
to $0.5546875 per share.
The preferred dividend will be paid on October
16, 2023, to holders of record at the close of business on October
6, 2023.
About LifeMD, Inc.LifeMD is a
leading provider of virtual primary care. LifeMD offers
telemedicine, laboratory and pharmacy services, and specialized
treatment across more than 200 conditions, including primary care,
men’s health, women’s health, allergy & asthma, and
dermatology. Leveraging a vertically-integrated, proprietary
digital care platform, a 50-state affiliated medical group, and a
US-based patient care center, LifeMD is elevating healthcare by
increasing access to top-notch and affordable care. For more
information, please visit LifeMD.com.
Cautionary Note Regarding
Forward-Looking StatementsThis news release includes
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 safe harbor provision of
the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements contained in this news release may be
identified by the use of words such as: “believe,” “expect,”
“anticipate,” “project,” “should,” “plan,” “will,” “may,” “intend,”
“estimate,” predict,” “continue,” and “potential,” or, in each
case, their negative or other variations or comparable terminology
referencing future periods. Examples of forward-looking statements
include, but are not limited to, statements regarding our financial
outlook and guidance, short and long-term business performance and
operations, future revenues and earnings, regulatory developments,
legal events or outcomes, ability to comply with complex and
evolving regulations, market conditions and trends, new or expanded
products and offerings, growth strategies, underlying assumptions,
and the effects of any of the foregoing on our future results of
operations or financial condition.
Forward-looking statements are not historical
facts and are not assurances of future performance. Rather, these
statements are based on our current expectations, beliefs, and
assumptions regarding future plans and strategies, projections,
anticipated and unanticipated events and trends, the economy, and
other future conditions, including the impact of any of the
aforementioned on our future business. As forward-looking
statements relate to the future, they are subject to inherent risk,
uncertainties, and changes in circumstances and assumptions that
are difficult to predict, including some of which are out of our
control. Consequently, our actual results, performance, and
financial condition may differ materially from those indicated in
the forward-looking statements. These risks and uncertainties
include, but are not limited to, “Risk Factors” identified in our
filings with the Securities and Exchange Commission, including, but
not limited to, our most recently filed Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q, and any amendments thereto. Even if
our actual results, performance, or financial condition are
consistent with forward-looking statements contained in such
filings, they may not be indicative of our actual results,
performance, or financial condition in subsequent periods.
Any forward-looking statement made in the news
release is based on information currently available to us as of the
date on which this release is made. We undertake no obligation to
update or revise any forward-looking statement, whether as a result
of new information, future events, or otherwise, except as may be
required under applicable law or regulation.
Company ContactLifeMD, Inc.Marc
Benathen, CFOmarc@lifemd.com
Media Contactpress@lifemd.com
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