LifeMD, Inc. to Issue Quarterly Dividend of $0.55 (NASDAQ:LFMDP)

LifeMD, Inc. (NASDAQ:LFMDP) announced a quarterly dividend on Wednesday, March 27th, Wall Street Journal reports. Investors of record on Friday, April 5th will be given a dividend of 0.5547 per share on Monday, April 15th. This represents a $2.22 annualized dividend and a dividend yield of 9.72%. The ex-dividend date is Thursday, April 4th.

LifeMD Trading Up 1.0 %

LifeMD stock traded up $0.23 during mid-day trading on Wednesday, hitting $22.83. 9,683 shares of the company’s stock were exchanged, compared to its average volume of 16,933. LifeMD has a 1-year low of $13.40 and a 1-year high of $22.98. The stock has a 50 day moving average of $19.89 and a two-hundred day moving average of $19.04.

About LifeMD

LifeMD, Inc operates as a direct-to-patient telehealth company that connects consumers to healthcare professionals for medical care in the United States. The company offers telehealth platform comprising RexMD, a men's telehealth brand that provides access to virtual medical treatment for a variety of men's health needs from licensed physician; ShapiroMD that provides virtual medical treatment, prescription medications, patented doctor formulated OTC products, topical compounded medications, and medical devices treating male and female hair loss; NavaMD, a female-oriented tele-dermatology that offers virtual medical treatment from dermatologists and other providers; and prescription oral and compounded topical medications to treat aging and acne; and Cleared which provides personalized treatments for allergy, asthma and immunology, including in-home tests for both environmental and food allergies, prescriptions for allergies and asthma and immunotherapies for treating chronic allergies.