Business & Finance
Medifast's board approves USD0.32 per share dividend
8 September 2017 -

The board of directors of Medifast Inc (NYSE:MED) on Thursday declared its dividend of USD0.32 per share of its stock.

This quarterly cash dividend is due on 9 November 2017 to stockholders of record at the close of business as of 22 September 2017.

According to the company, it expects to maintain a programme of paying dividends on a quarterly basis. However, the declaration of dividends in the future is subject to the discretion of its board, who will evaluate the dividend programme from time to time based on factors that it deems relevant.

Based in in Owings Mills, Maryland, the company provides clinically studied healthy living products and programmes as well as partners with OPTAVIA Coaches to help its clients achieve Optimal Health and Wellbeing through a comprehensive approach to Lifelong Transformation, One Healthy Habit at a Time.