MED - Dividend announcements

BALTIMORE, Sept. 7, 2023 /PRNewswire/ -- Medifast (NYSE:MED), the company behind the health and wellness community, OPTAVIA®, today announced that its Board of Directors has declared a $1.65 quarterly cash dividend to its stockholders. The quarterly cash dividend of $1.65 per share is payable on November 7, 2023, to stockholders of record as of the close of business on September 19, 2023. 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 Di

BALTIMORE, July 27, 2023 /PRNewswire/ -- Medifast (NYSE:MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution OPTAVIA®, today unveiled a new product line, OPTAVIA ACTIVE. The line includes premium exercise supplements and protein powders, OPTAVIA ACTIVE Essential Amino Acid (EAAs) Blend and OPTAVIA ACTIVE Whey Protein, with other products expected to be rolled out next year. Both are designed to help new and existing Customers of all fitness levels optimize their motion habits. OPTAVIA ACTIVE marks an inflection point for the company, as it targets new Customer segments and triples its total addressable market by entering the sports nutrition cat

BALTIMORE, June 15, 2023 /PRNewswire/ -- Medifast (NYSE:MED), the company behind the health and wellness community, OPTAVIA®, today announced that its Board of Directors has declared a $1.65 quarterly cash dividend to its stockholders. The quarterly cash dividend of $1.65 per share is payable on August 8, 2023, to stockholders of record as of the close of business on June 27, 2023. 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

BALTIMORE, June 1, 2023 /PRNewswire/ -- Medifast, the company behind the health and wellness community OPTAVIA®, today announced further strategic changes to enhance its Fuel for the Future program, which optimizes spending through value engineering, operational efficiency and improved procurement. The goal of the program is to free up capital to invest in growth initiatives and raise margins. Medifast is implementing measures that will serve as catalysts for further momentum to achieve its goal of 15% annualized revenue growth and 15% sustainable operating margin by 2025. As

BALTIMORE, March 16, 2023 /PRNewswire/ -- Medifast (NYSE:MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, announced today that its Board of Directors has declared a $1.65 quarterly cash dividend to its stockholders. The quarterly cash dividend of $1.65 per share is payable on May 9, 2023 to stockholders of record as of the close of business on March 28, 2023. 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 th

BALTIMORE, Dec. 8, 2022 /PRNewswire/ -- Medifast (NYSE:MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, announced today that its Board of Directors has declared a $1.64 quarterly cash dividend to its stockholders. The quarterly cash dividend of $1.64 per share is payable on February 7, 2023, to stockholders of record as of the close of business on December 20, 2022. 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 discretio

BALTIMORE, Sept. 8, 2022 /PRNewswire/ -- Medifast (NYSE:MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, announced today that its Board of Directors has declared a $1.64 quarterly cash dividend to its stockholders. The quarterly cash dividend of $1.64 per share is payable on November 8, 2022, to stockholders of record as of the close of business on September 20, 2022. 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 discret

BALTIMORE, June 16, 2022 /PRNewswire/ -- Medifast, Inc. (NYSE:MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, announced today that its Board of Directors has declared a $1.64 quarterly cash dividend to its stockholders. The quarterly cash dividend of $1.64 per share is payable on August 8, 2022 to stockholders of record as of the close of business on June 28, 2022. 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 discretio

Investment demonstrates confidence in long-term growth model, aligns interests with stockholders BALTIMORE, June 1, 2022 /PRNewswire/ -- Medifast, Inc (NYSE:MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, announced today it has entered into an accelerated share repurchase agreement ("ASR") with JPMorgan Chase, National Association ("JPM"), to repurchase an aggregate of $100 million of the company's common stock. This equates to approximately 600,000 shares, at the closing price on May 31, 2022, and represents approximately 5% of the company's fully diluted outstanding stock. The company is expected to fund the ASR program using available

Medifast Introduces a State-of-the-Art R&D Workspace BALTIMORE, May 10, 2022 /PRNewswire/ -- Medifast (NYSE:MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, announced today the opening of a new research and development hub, the Medifast Product Innovation Center. The workplace is designed to support innovation as the company anticipates continued rapid growth and focuses on expansion in the $230 billion health and wellness market. The Medifast Product Innovation Center integrates state-of-the-art office, lab and pilot plant spaces and enhances research and development, packaging engineering, quality assurance and food regulatory efforts.

BALTIMORE, March 17, 2022 /PRNewswire/ -- Medifast, Inc. (NYSE:MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, announced today that its Board of Directors has declared a $1.64 quarterly cash dividend to its stockholders. The quarterly cash dividend of $1.64 per share is payable on May 9, 2022 to stockholders of record as of the close of business on March 29, 2022. 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

BALTIMORE, Dec. 8, 2021 /PRNewswire/ -- Medifast, Inc. (NYSE:MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, 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 February 8, 2022 to stockholders of record as of the close of business on December 21, 2021. 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 discr

BALTIMORE, Sept. 9, 2021 /PRNewswire/ -- Medifast, Inc. (NYSE:MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, 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 November 8, 2021 to stockholders of record as of the close of business on September 21, 2021. 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 dis

BALTIMORE, June 3, 2021 /PRNewswire/ -- Medifast, Inc. (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, 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. 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 fac

BALTIMORE, May 4, 2021 /PRNewswire/ -- Medifast, Inc. (NYSE:MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, today reported results for the first quarter ended March 31, 2021. First Quarter 2021 Highlights Compared to the Prior-Year Period Revenue increased 90.9% to $340.7 million 61.0% growth in active earning OPTAVIA Coaches to a record level of 52,500 Revenue per active earning OPTAVIA Coach increased 21.0% to $6,454 Net income increased 122.2% to $41.1 million Earnings per diluted share ("EPS") of $3.46, an increase of 1

BALTIMORE, March 18, 2021 /PRNewswire/ -- Medifast, Inc. (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, 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 May 6, 2021 to stockholders of record as of the close of business on March 30, 2021. 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 fa

BALTIMORE, Feb. 25, 2021 /PRNewswire/ -- Medifast, Inc. (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, today reported results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Highlights Compared to the Prior-Year Period Revenue increased 55.3% to $264.9 million 39.0% growth in active earning OPTAVIA Coaches to a record level of 44,200 Revenue per active earning OPTAVIA Coach increased 13.4% to $5,932 Net income increased 40.8% to $28.0 million Earnings per diluted share ("EPS") of $2.36, an increase of 42.2% Full Year 2020 Highlights Compared to the Prior-Year Period Revenue of $934.8 mill

BALTIMORE, Dec. 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 February 5, 2021 to stockholders of record as of the close of business on December 22, 2020. This will be the 20th consecutive quarterly dividend paid to stockholders, and the company has paid out to stockholders $139 million in cash dividends since December 2015. Medifast expects to maintain a program of paying dividends on a quarterly basis. The amount and declara