{"id":500726,"date":"2021-06-03T16:37:39","date_gmt":"2021-06-03T20:37:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/medifast-inc-announces-quarterly-dividend-2\/"},"modified":"2021-06-03T16:37:39","modified_gmt":"2021-06-03T20:37:39","slug":"medifast-inc-announces-quarterly-dividend-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/medifast-inc-announces-quarterly-dividend-2\/","title":{"rendered":"Medifast, Inc. Announces Quarterly Dividend"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">BALTIMORE<\/span>, <span class=\"xn-chron\">June 3, 2021<\/span> \/PRNewswire\/ &#8212; <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185577-1&amp;h=3539168530&amp;u=https%3A%2F%2Fmedifastinc.com%2F&amp;a=Medifast%2C+Inc.\" rel=\"nofollow noopener\">Medifast, Inc.<\/a><\/u> (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities,\u00a0<b><u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185577-1&amp;h=3833867699&amp;u=http%3A%2F%2Fwww.optavia.com%2F&amp;a=OPTAVIA%C2%AE\" rel=\"nofollow noopener\">OPTAVIA\u00ae<\/a><\/u><\/b>, announced today that its Board of Directors has declared a <span class=\"xn-money\">$1.42<\/span> quarterly cash dividend to its stockholders. The quarterly cash dividend of <span class=\"xn-money\">$1.42<\/span> per share is payable on <span class=\"xn-chron\">August 6, 2021<\/span> to stockholders of record as of the close of business on <span class=\"xn-chron\">June 22, 2021<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/686712\/MED_MED_IDN_03_Medifast_Logo_CMYK.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/686712\/MED_MED_IDN_03_Medifast_Logo_CMYK.jpg\" title=\"(PRNewsfoto\/Medifast, Inc.)\" alt=\"(PRNewsfoto\/Medifast, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Medifast expects to maintain a program of paying dividends on a quarterly basis.\u00a0However, the declaration of dividends in the future is subject to the discretion of the company&#8217;s Board of Directors, who will evaluate the company&#8217;s dividend program from time to time based on factors that it deems relevant.<\/p>\n<p>\n        <b>About\u00a0Medifast<sup>\u00ae<\/sup>:<\/b>\n      <\/p>\n<p>Medifast (NYSE: MED) is the global company behind one of the fastest-growing health and wellness communities,\u00a0<b>OPTA<\/b>VIA\u00ae, which offers scientifically developed products, clinically proven plans and the support of Coaches and a Community to help Clients achieve Lifelong Transformation, One Healthy Habit at a Time\u00ae. 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\u00a0<b>OPTA<\/b>VIA Coaches teach Clients how to develop holistic healthy habits through the proprietary Habits of Health\u00ae Transformational System. Medifast is traded on the New York Stock Exchange and ranked second on <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185577-1&amp;h=4048753153&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3012151-1%26h%3D317169335%26u%3Dhttps%253A%252F%252Ffortune.com%252Fcompany%252Fmedifast%252F100-fastest-growing-companies%252F%26a%3DFORTUNE%2527s%25C2%25A0100%2BFastest-Growing%2BCompanies%2Blist%2Bin%2B2020&amp;a=FORTUNE%27s%C2%A0100+Fastest-Growing+Companies+list+in+2020\" rel=\"nofollow noopener\">FORTUNE&#8217;s\u00a0100 Fastest-Growing Companies list in 2020<\/a>. The company was also named to <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185577-1&amp;h=624268375&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3012151-1%26h%3D771002260%26u%3Dhttps%253A%252F%252Fwww.forbes.com%252Fsites%252Fkarstenstrauss%252F2017%252F04%252F07%252Fthe-100-most-trustworthy-companies-in-america-2017%252F%253Fsh%253D42156c0c4b17%26a%3DForbes%2527%25C2%25A0100%2BMost%2BTrustworthy%2BCompanies%2Bin%2BAmerica%2Blist%2Bin%2B2017&amp;a=Forbes%27%C2%A0100+Most+Trustworthy+Companies+in+America+list+in+2017\" rel=\"nofollow noopener\">Forbes&#8217;\u00a0100 Most Trustworthy Companies in America list in 2017<\/a>. For more information, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185577-1&amp;h=653939476&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2613509-1%26h%3D3076098758%26u%3Dhttp%253A%252F%252Fwww.medifastinc.com%252F%26a%3Dwww.MedifastInc.com&amp;a=www.MedifastInc.com\" rel=\"nofollow noopener\">www.MedifastInc.com<\/a>\u00a0or <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185577-1&amp;h=2221469566&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2613509-1%26h%3D3536387183%26u%3Dhttp%253A%252F%252Fwww.optavia.com%252F%26a%3Dwww.OPTAVIA.com&amp;a=www.OPTAVIA.com\" rel=\"nofollow noopener\">www.OPTAVIA.com<\/a>.<\/p>\n<p>\n        <b>Forward Looking Statements<\/b>\n      <\/p>\n<p>Please Note: This release contains &#8220;forward-looking statements&#8221; 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 generally can be identified by use of phrases or terminology such as &#8220;intend,&#8221; &#8220;anticipate,&#8221; &#8220;expects&#8221; or other similar words or the negative of such terminology. Similarly, descriptions of Medifast&#8217;s objectives, strategies, plans, goals or targets contained herein are also considered forward-looking statements. These statements are based on the current expectations of the management of Medifast and are subject to certain events, risks, uncertainties, and other factors. Some of these factors include, among others, risks associated with Medifast&#8217;s direct-to-consumer business model, the impact of rapid growth on Medifast&#8217;s systems, disruptions in Medifast&#8217;s supply chain, Medifast&#8217;s inability to continue to develop new services and products, effectiveness of Medifast&#8217;s advertising and marketing programs, including use of social media by independent <b>OPTA<\/b>VIA Coaches, Medifast&#8217;s inability to maintain and grow the network of independent <b>OPTA<\/b>VIA Coaches, the departure of one or more key personnel, Medifast&#8217;s inability to protect against online security risks, to protect its brand, to protect against product liability claims, Medifast&#8217;s planned growth into domestic and international markets, adverse publicity associated with Medifast&#8217;s products or business units, Medifast&#8217;s inability to continue declaring dividends, fluctuations of Medifast&#8217;s common stock market price, the impact of the COVID-19 pandemic on Medifast&#8217;s results, the severity, length and ultimate impact of COVID-19 on people and economies, increases in competition, litigation, consequences of other geopolitical events, natural disasters, acts of war, or climate change, activist investors, regulatory changes, market conditions and resulting impact on consumer spending, a failure of internal control over financial reporting and any limitations imposed by Medifast&#8217;s debt agreements. Although Medifast believes that the expectations, statements, and assumptions reflected in these forward-looking statements are reasonable, it cautions readers to always consider all of the risk factors and any other cautionary statements carefully in evaluating each forward-looking statement in this release, as well as those set forth in its Annual Report on Form 10-K for the fiscal year ended <span class=\"xn-chron\">December 31, 2020<\/span>, its Quarterly Report on Form 10-Q for the quarter ended <span class=\"xn-chron\">March 31, 2021<\/span>, and other filings filed with the United States Securities and Exchange Commission, including its current reports on Form 8-K. All of the forward-looking statements contained herein speak only as of the date of this release.<\/p>\n<p>MED-F<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH00104&amp;sd=2021-06-03\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/medifast-inc-announces-quarterly-dividend-301305599.html\">http:\/\/www.prnewswire.com\/news-releases\/medifast-inc-announces-quarterly-dividend-301305599.html<\/a><\/p>\n<p>SOURCE  Medifast, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH00104&amp;Transmission_Id=202106031630PR_NEWS_USPR_____PH00104&amp;DateId=20210603\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BALTIMORE, June 3, 2021 \/PRNewswire\/ &#8212; Medifast, Inc. (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities,\u00a0OPTAVIA\u00ae, announced today that its Board of Directors has declared a $1.42 quarterly cash dividend to its stockholders. The quarterly cash dividend of $1.42 per share is payable on August 6, 2021 to stockholders of record as of the close of business on June 22, 2021. Medifast expects to maintain a program of paying dividends on a quarterly basis.\u00a0However, the declaration of dividends in the future is subject to the discretion of the company&#8217;s Board of Directors, who will evaluate the company&#8217;s dividend program from time to time based on factors that it deems relevant. About\u00a0Medifast\u00ae: Medifast &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/medifast-inc-announces-quarterly-dividend-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Medifast, Inc. Announces Quarterly Dividend&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-500726","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Medifast, Inc. Announces Quarterly Dividend - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/medifast-inc-announces-quarterly-dividend-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Medifast, Inc. Announces Quarterly Dividend - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BALTIMORE, June 3, 2021 \/PRNewswire\/ &#8212; Medifast, Inc. (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities,\u00a0OPTAVIA\u00ae, announced today that its Board of Directors has declared a $1.42 quarterly cash dividend to its stockholders. The quarterly cash dividend of $1.42 per share is payable on August 6, 2021 to stockholders of record as of the close of business on June 22, 2021. Medifast expects to maintain a program of paying dividends on a quarterly basis.\u00a0However, the declaration of dividends in the future is subject to the discretion of the company&#8217;s Board of Directors, who will evaluate the company&#8217;s dividend program from time to time based on factors that it deems relevant. About\u00a0Medifast\u00ae: Medifast &hellip; Continue reading &quot;Medifast, Inc. 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Medifast expects to maintain a program of paying dividends on a quarterly basis.\u00a0However, the declaration of dividends in the future is subject to the discretion of the company&#8217;s Board of Directors, who will evaluate the company&#8217;s dividend program from time to time based on factors that it deems relevant. About\u00a0Medifast\u00ae: Medifast &hellip; Continue reading \"Medifast, Inc. Announces Quarterly Dividend\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/medifast-inc-announces-quarterly-dividend-2\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-03T20:37:39+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/686712\/MED_MED_IDN_03_Medifast_Logo_CMYK.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/medifast-inc-announces-quarterly-dividend-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/medifast-inc-announces-quarterly-dividend-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Medifast, Inc. 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