LifeMD, Inc. Approves Dividend for Preferred Stockholders
LifeMD, Inc. Announces Cash Dividend for Preferred Stockholders
LifeMD, Inc. (Nasdaq: LFMD), known for its innovative virtual primary care services, recently announced an exciting development for its preferred stockholders. The Board of Directors has authorized a cash dividend for holders of the Company’s 8.875% Series A Cumulative Perpetual Preferred Stock (Nasdaq: LFMDP). This dividend will amount to $0.5546875 per share, reflecting LifeMD's commitment to its shareholders and its strong financial performance.
Dividend Payment Details
The upcoming preferred dividend is scheduled to be paid out on October 15, 2024. Shareholders will need to be on the record by the close of business on October 4, 2024, to be eligible for this payment. This move not only reinforces the company's dedication to returning value to its investors but also highlights LifeMD's robust business operations.
About LifeMD, Inc.
LifeMD is at the forefront of transforming healthcare access through its advanced virtual primary care solutions. With a focus on providing comprehensive telemedicine services, LifeMD caters to a spectrum of health needs, operating across over 200 conditions. These services include essential areas such as primary care, weight management, hormone therapy, men’s and women’s health, coupled with access to laboratory and pharmacy services.
Innovative Care Model
The Company has developed a vertically-integrated digital care platform, supported by an affiliated medical group operating in all 50 states, as well as a U.S.-based patient care center. This powerful combination allows LifeMD to offer high-quality, affordable care to its patients, thereby solidifying its position in the healthcare market.
Continued Financial Outlook
As LifeMD moves forward, it remains focused on enhancing shareholder value through strategic initiatives and efficient operations. The company’s decision to issue dividends is a clear indication of its positive financial outlook and strength. By investing in the long-term wellness of its shareholders and patients alike, LifeMD aims to set new standards in the telehealth industry.
Commitment to Shareholders
LifeMD understands the importance of communication with its shareholders. The company regularly updates its investors about significant developments and strategic directions. For further inquiries or additional information about their operations or future prospects, shareholders and interested parties are encouraged to reach out to LifeMD's investor relations team.
Contact Information
Marc Benathen, Chief Financial Officer, can be reached via email for investor inquiries. Additionally, Jessica Friedeman, Chief Marketing Officer, is available for media communications. This transparent approach showcases LifeMD’s commitment to maintaining an open dialogue with its stakeholders.
Frequently Asked Questions
1. What is the dividend amount declared by LifeMD?
The declared dividend amount is $0.5546875 per share for the 8.875% Series A Cumulative Perpetual Preferred Stock.
2. When is the dividend payment date?
The dividend will be paid on October 15, 2024.
3. How can I become eligible for the dividend?
To be eligible for the dividend, you must be a holder of record by the close of business on October 4, 2024.
4. What services does LifeMD provide?
LifeMD offers telemedicine services for over 200 conditions, including primary care, hormone therapy, and more.
5. How does LifeMD enhance shareholder value?
LifeMD enhances shareholder value by focusing on robust operations, strategic initiatives, and regular dividend payments.
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