BALTIMORE, June 3, 2021 /PRNewswire/ — Medifast, Inc. (NYSE: MED), the worldwide firm behind one of many fastest-growing well being and wellness communities, OPTAVIA®, introduced in the present day that its Board of Administrators has declared a $1.42 quarterly money dividend to its stockholders. The quarterly money dividend of $1.42 per share is payable on August 6, 2021 to stockholders of report as of the shut of enterprise on June 22, 2021.
Medifast expects to take care of a program of paying dividends on a quarterly foundation. Nonetheless, the declaration of dividends sooner or later is topic to the discretion of the corporate’s Board of Administrators, who will consider the corporate’s dividend program every so often based mostly on elements that it deems related.
Medifast (NYSE: MED) is the worldwide firm behind one of many fastest-growing well being and wellness communities, OPTAVIA®, which presents scientifically developed merchandise, clinically confirmed plans and the help of Coaches and a Group to assist Purchasers obtain Lifelong Transformation, One Wholesome Behavior at a Time®. Based mostly on practically 40 years of expertise, Medifast has redefined direct promoting by combining one of the best features of the mannequin. Its neighborhood of hundreds of unbiased OPTAVIA Coaches educate Purchasers learn how to develop holistic wholesome habits by way of the proprietary Habits of Well being® Transformational System. Medifast is traded on the New York Inventory Change and ranked second on FORTUNE’s 100 Fastest-Growing Companies list in 2020. The corporate was additionally named to Forbes’ 100 Most Trustworthy Companies in America list in 2017. For extra info, go to www.MedifastInc.com or www.OPTAVIA.com.
Ahead Trying Statements
Please Notice: This launch incorporates “forward-looking statements” throughout the which means of Part 27A of the Securities Act of 1933, as amended, Part 21E of the Securities Change Act of 1934, as amended, and the Personal Securities Litigation Reform Act of 1995. These forward-looking statements usually might be recognized by use of phrases or terminology corresponding to “intend,” “anticipate,” “expects” or different related phrases or the adverse of such terminology. Equally, descriptions of Medifast’s targets, methods, plans, objectives or targets contained herein are additionally thought-about forward-looking statements. These statements are based mostly on the present expectations of the administration of Medifast and are topic to sure occasions, dangers, uncertainties, and different elements. A few of these elements embody, amongst others, dangers related to Medifast’s direct-to-consumer enterprise mannequin, the influence of fast development on Medifast’s methods, disruptions in Medifast’s provide chain, Medifast’s lack of ability to proceed to develop new providers and merchandise, effectiveness of Medifast’s promoting and advertising applications, together with use of social media by unbiased OPTAVIA Coaches, Medifast’s lack of ability to take care of and develop the community of unbiased OPTAVIA Coaches, the departure of a number of key personnel, Medifast’s lack of ability to guard in opposition to on-line safety dangers, to guard its model, to guard in opposition to product legal responsibility claims, Medifast’s deliberate development into home and worldwide markets, adversarial publicity related to Medifast’s merchandise or enterprise models, Medifast’s lack of ability to proceed declaring dividends, fluctuations of Medifast’s frequent inventory market worth, the influence of the COVID-19 pandemic on Medifast’s outcomes, the severity, size and supreme influence of COVID-19 on individuals and economies, will increase in competitors, litigation, penalties of different geopolitical occasions, pure disasters, acts of battle, or local weather change, activist buyers, regulatory adjustments, market circumstances and ensuing influence on shopper spending, a failure of inside management over monetary reporting and any limitations imposed by Medifast’s debt agreements. Though Medifast believes that the expectations, statements, and assumptions mirrored in these forward-looking statements are affordable, it cautions readers to all the time think about the entire threat elements and some other cautionary statements fastidiously in evaluating every forward-looking assertion on this launch, in addition to these set forth in its Annual Report on Type 10-Ok for the fiscal 12 months ended December 31, 2020, its Quarterly Report on Type 10-Q for the quarter ended March 31, 2021, and different filings filed with america Securities and Change Fee, together with its present reviews on Type 8-Ok. The entire forward-looking statements contained herein communicate solely as of the date of this launch.
SOURCE Medifast, Inc.