Medifast Inc(NYSE:MED) Declares Dividend of $0.2500.

Medifast Inc (NYSE:MED) had declared a cash dividend of $0.2500 on Jun 15, 2016. The shares will quote ex-dividend on Jun 23, 2016 and the record date has been fixed for Jun 27, 2016. On Jun 15, 2016 share price, the yield comes out to be 3.0694%. The dividend payable date has been fixed on Aug 10, 2016.

Medifast Inc (MED) made into the market gainers list on Tuesdays trading session with the shares advancing 0.18% or 0.06 points. Due to strong positive momentum, the stock ended at $32.59, which is also near the day’s high of $33.15. The stock began the session at $32.67 and the volume stood at 1,00,798 shares. The 52-week high of the shares is $35.3193 and the 52 week low is $26.14. The company has a current market capitalization of $386 M and it has 1,18,45,028 shares in outstanding.

Medifast Inc(MED) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $72.34M. Analysts had an estimated revenue of $69.31M. Earnings per share were $0.42. Analysts had estimated an EPS of $0.33.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Balanced Master Fund, L Visium (10% owner) sold 1,350,000 shares at $31.62 per share price.Also, On Apr 5, 2016, Margaret Sheetz (President & COO) sold 8,333 shares at $30.02 per share price.On Aug 7, 2015, Glenn W. Welling (director) purchased 1,199 shares at $30.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Medifast Inc. (Medifast) is engaged in the production distribution and sale of weight loss and weight management products and other consumable health and diet products. The Company’s operations are primarily conducted through its wholly owned subsidiaries Jason Pharmaceuticals Inc. Take Shape For Life Inc. Jason Enterprises Inc. Medifast Franchise Systems (MFSI) Inc. Jason Properties LLC Medifast Nutrition Inc. and Seven Crondall LLC. The Company offers a range of weight loss weight management products and healthy living products under the Medifast Thrive by Medifast Optimal Health by Take Shape For Life and Essential 1 brands and for select private label customers. Its product lines include weight loss and management meal replacement and vitamins. Its distribution channels include Medifast Direct Take Shape For Life Franchise Medifast Weight Control Centers and Medifast Wholesale.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *