Medifast (MED) Declares $0.25 Quarterly Dividend; 2.7% Yield

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Medifast, Inc. Announces Quarterly Dividend

September 8, 2016 5:00 PM EDT

OWINGS MILLS, Md., Sept. 8, 2016 /PRNewswire/ -- Medifast, Inc. (NYSE: MED), a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, announced today that its Board of Directors has approved the declaration of a $0.25 cash dividend to its stockholders. The quarterly cash dividend of $0.25 per share is payable on November 10, 2016 to stockholders of record as of the close of business on September 23, 2016. 

The Company expects to maintain a program of paying dividends on a quarterly basis.  However, the declaration of dividends... More