Medifast, Inc., the parent company of OPTAVIA, announced that its Board of Directors has declared a $1.13 quarterly cash dividend to its stockholders. This dividend will be payable on February 5, 2021.
“Medifast’s growth this year has been strong given the uncertain economic conditions driven by the COVID-19 pandemic,” says Dan Chard, Medifast Chief Executive Officer. “Today we declared a quarterly cash dividend payment and reiterated our intent to continue paying dividends. We have started our strategic planning process, which we believe will drive continued and sustainable growth for the long-term, and any updated capital return will align with the finalization of that plan. We are committed to delivering value to our stockholders and believe that our dividend program emphasizes our confidence in the resiliency of our business, and in delivering on our mission to offer the world lifelong transformation one healthy habit at a time.”
This will be the 20th consecutive quarterly dividend for the company, totaling $139 million in cash dividends paid to stockholders since December 2015.