Medifast (MED) Raises Quarterly Dividend 56.3% to $0.75; 2.2% Yield

Medifast (NYSE: MED) declared a quarterly dividend of $0.75 per share, or $3 annualized. This is a 56.3% increase from the prior dividend of $0.48.

The dividend will be payable on February 7, 2019, to stockholders of record on December 21, 2018, with an ex-dividend date of December 20, 2018.

The annual yield on the dividend is 2.2 percent.

“This increase reflects our confidence in the business as well our commitment to deliver attractive total stockholder returns,” said Dan Chard, Chief Executive Officer of Medifast.

https://www.streetinsider.com/Dividend+Hike/Medifast+%28MED%29+Raises+Quarterly+Dividend+56.3%25+to+%240.75%3B+2.2%25+Yield/14913226.html