BALTIMORE, June 16, 2020 /PRNewswire/ -- Medifast, Inc.
(NYSE: MED), the company behind one of the fastest-growing health
and wellness
communities, OPTAVIA®, announced today
that its Board of Directors has declared a $1.13 quarterly cash dividend to its
stockholders. The quarterly cash dividend of $1.13 per share is payable on August 6, 2020 to stockholders of record as of
the close of business on June 30,
2020.
Medifast 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 company's 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 the company behind one of the fastest-growing health and
wellness communities, OPTAVIA®, which offers
Lifelong Transformation, One Healthy Habit at a Time®.
Based on nearly 40 years of experience, Medifast has redefined
direct selling by combining the best aspects of the model. Its
community of thousands of independent OPTAVIA Coaches
teach Clients to develop holistic healthy habits through products
and clinically proven plans, the Habits of Health®
Transformational System and comprehensive support from a community
of like-minded people. In 2019, Medifast expanded
the OPTAVIA movement globally, beginning with
the Asia-Pacific region. Medifast is traded on the New
York Stock Exchange and was named to Fortune's 100
Fastest-Growing Companies list in 2019 and 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.