Medifast (MED) will raise its quarterly dividend by 50 percent to $0.48 per share in the fourth quarter of 2017. The new dividend yield for MED is 2.7%. Last year MED hiked its dividend by 28 percent.

The quarterly cash dividend of $0.48 per share is payable on February 8, 2018 to stockholders of record as of the close of business on December 22, 2017.

Medifast is a manufacturer and distributor of healthy living products and programs. The company produces, distributes and sells weight loss, weight management, and healthy living products, and other consumable health and nutritional products. Its product lines include weight loss, weight management, and healthy living meal replacements, snacks, hydration products, and vitamins.