BALTIMORE, Sept. 10, 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 November 6, 2020 to stockholders of record as of
the close of business on September 22,
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, uncertainties, and other factors that
could cause actual events or results to differ materially from the
events or results described in the forward-looking statements. Some
of these factors include, among others, the impact of the COVID-19
pandemic on Medifast's results, Medifast's inability to attract and
retain independent OPTAVIA Coaches and clients,
Medifast's inability to prevent the use of stolen identities and
credit cards outside of the Company's systems to transact business
on the Company's e-commerce sites, increases in competition,
litigation, regulatory changes, the severity, length and ultimate
impact of COVID-19 on people and economies, and Medifast's planned
growth into new domestic and international markets and new channels
of distribution. 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.