BALTIMORE, Sept. 9, 2021 /PRNewswire/ — Medifast, Inc. (NYSE: MED), the world enterprise driving a single of the speediest-increasing well being and wellness communities, OPTAVIA®, declared right now that its Board of Administrators has declared a $1.42 quarterly money dividend to its stockholders. The quarterly income dividend of $1.42 per share is payable on November 8, 2021 to stockholders of document as of the close of business on September 21, 2021.
Medifast expects to retain a plan of having to pay dividends on a quarterly basis. Having said that, the declaration of dividends in the foreseeable future is topic to the discretion of the company’s Board of Administrators, who will assess the company’s dividend system from time to time based mostly on aspects that it deems suitable.
About Medifast®:
Medifast (NYSE: MED) is the worldwide business at the rear of 1 of the speediest-growing wellbeing and wellness communities, OPTAVIA®, which provides scientifically produced goods, clinically demonstrated options and the assistance of Coaches and a Local community to enable Consumers achieve Lifelong Transformation, A single Balanced Habit at a Time®. Centered on extra than 40 a long time of experience, Medifast has redefined immediate promoting by combining the very best facets of the model. Its neighborhood of independent OPTABy means of Coaches has impacted 2 million lives and teaches Customers how to build holistic healthier behavior by means of the proprietary Behavior of Wellness® Transformational Process. Medifast is traded on the New York Stock Trade and ranked 2nd on FORTUNE’s 100 Quickest-Escalating Businesses list in 2020. The business was also named to Forbes’ 100 Most Trusted Businesses in The us list in 2017. For extra facts, visit MedifastInc.com or OPTAVIA.com and follow @Medifast on Twitter.
Forward On the lookout Statements
You should Note: This launch consists of “ahead-hunting statements” within the which means of Part 27A of the Securities Act of 1933, as amended, Area 21E of the Securities Trade Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These ahead-seeking statements relate to foreseeable future dividends. In the same way, descriptions of Medifast’s targets, techniques, strategies, objectives or targets contained herein are also considered forward-searching statements. These statements are centered on the current anticipations of the management of Medifast and are matter to specified activities, hazards, uncertainties, and other things. Some of these things involve, amongst other folks, dangers connected with Medifast’s immediate-to-shopper business enterprise design, the impact of quick progress on Medifast’s programs, disruptions in Medifast’s source chain, Medifast’s incapacity to proceed to establish new services and solutions, success of Medifast’s promotion and marketing and advertising systems, together with use of social media by impartial OPTABy using Coaches, Medifast’s inability to sustain and increase the community of impartial OPTABy using Coaches, the departure of a single or more essential personnel, Medifast’s inability to protect versus on line safety risks, to defend its model, to guard from item liability promises, Medifast’s planned development into domestic and worldwide marketplaces, adverse publicity affiliated with Medifast’s solutions or business models, Medifast’s inability to continue declaring dividends, fluctuations of Medifast’s typical inventory industry price tag, the impact of the COVID-19 pandemic on Medifast’s success, the severity, size and final effects of COVID-19 on individuals and economies, boosts in competition, litigation, implications of other geopolitical situations, all-natural disasters, acts of war, or local weather transform, activist investors, regulatory alterations, marketplace conditions and resulting effects on consumer shelling out, a failure of interior management around monetary reporting and any constraints imposed by Medifast’s credit card debt agreements. Although Medifast thinks that the expectations, statements, and assumptions reflected in these forward-hunting statements are affordable, it cautions visitors to generally take into account all of the danger things and any other cautionary statements meticulously in assessing every forward-wanting assertion in this launch, as very well as those people established forth in its Annual Report on Sort 10-K for the fiscal calendar year ended December 31, 2020, its Quarterly Experiences on Variety 10-Q for the quarters ended March 31, 2021 and June 30, 2021, and other filings submitted with the United States Securities and Exchange Fee, like its present-day reports on Sort 8-K. All of the ahead-searching statements contained herein discuss only as of the day of this release.
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