Medifast Inc: Jumps on increasing quarterly dividend by 51%

Medifast

04/12/2019 17:54

** Shares of weight-management products company  MED.N  rise
7.24% to $91.77 after it raises quarterly dividend by 51%
    ** MED increased quarterly dividend by 38 cents to $1.13 on
Tuesday after the bell  urn:newsml:reuters.com:*:nPn2X14x9a
    ** Dividend increase is reflective of business strength, as
the company continues to deliver double-digit revenue growth in
health and wellness category - CEO Dan Chard
    ** Stock is down 26.60% so far this year 

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@ThomsonReuters.com))