SALT LAKE CITY, Aug. 28, 2023 (GLOBE NEWSWIRE) — LifeVantage Corporation (Nasdaq:LFVN) a number one well being and wellness firm with merchandise designed to activate optimum well being processes, as we speak introduced that the Company’s Board of Directors has declared a particular one-time money dividend of $0.40 per share of widespread inventory, which will probably be paid September 22, 2023 to all stockholders of document on the shut of business on September 8, 2023.
“We are pleased to announce this special dividend reflecting our strong financial position and long-standing commitment to driving shareholder value,” stated Steve Fife, President and Chief Executive Officer of LifeVantage. “Capital allocation has always been a key priority for LifeVantage and the success of our investments in the LV360 transformation now enable us to provide incremental return for shareholders. Our approach to capital allocation remains balanced, and in addition to this special dividend, we resumed our stock repurchase program in the fourth quarter of fiscal 2023 and continue to pay a quarterly dividend of $0.035 per share. The changes we’ve implemented over the past 24 months have strengthened our platform and created a more dynamic business model, all of which positions us for significant growth and improving profitability in fiscal 2024 and beyond.”
About LifeVantage Corporation
LifeVantage Corporation (Nasdaq: LFVN), the activation firm, is a pioneer in nutrigenomics, the examine of how vitamin and naturally occurring compounds have an effect on human genes to help good well being. The Company engages within the identification, analysis, growth, formulation and sale of superior nutrigenomic activators, dietary dietary supplements, nootropics, pre- and pro-biotics, weight administration, pores and skin and hair care, tub & physique, and focused aid merchandise. The Company’s line of scientifically-validated dietary dietary supplements contains its flagship Protandim® household of merchandise, LifeVantage® Omega+, ProBio, IC Bright®, Daily Wellness, Rise AM, Reset PM, and D3+ dietary dietary supplements, the TrueScience® line of pores and skin, hair, tub & physique, and focused aid merchandise. The Company additionally markets and sells Petandim®, its companion pet complement formulated to fight oxidative stress in dogs, Axio® its nootropic vitality drink mixes, and PhysIQ, its good weight administration system. LifeVantage was based in 2003 and is headquartered in Lehi, Utah. For extra info, go to www.lifevantage.com.
Cautionary Note Regarding Forward Looking Statements
This doc comprises forward-looking statements made pursuant to the secure harbor provisions of the Private Securities Litigation Reform Act of 1995. Words and expressions reflecting optimism, satisfaction or disappointment with present prospects, in addition to phrases reminiscent of “consider,” “will,” “hopes,” “intends,” “estimates,” “expects,” “initiatives,” “plans,” “anticipates,” “stay up for,” “purpose,” “may be,” and variations thereof, establish forward-looking statements, however their absence doesn’t imply {that a} assertion shouldn’t be forward-looking. The declaration and/or fee of a dividend throughout any quarter offers no assurance as to future dividends, and the timing and quantity of future dividends, if any, may fluctuate considerably compared each to previous dividends and to present expectations. Examples of forward-looking statements embrace, however aren’t restricted to, statements we make relating to executing in opposition to and the advantages of our key initiatives, future progress, together with geographic and product enlargement, the affect of COVID-19 on our business, anticipated monetary efficiency, and anticipated dividend funds in future quarters. Such forward-looking statements aren’t ensures of efficiency and the Company’s precise outcomes may differ materially from these contained in such statements. These forward-looking statements are based mostly on the Company’s present expectations and beliefs regarding future occasions affecting the Company and contain identified and unknown dangers and uncertainties that will trigger the Company’s precise outcomes or outcomes to be materially completely different from these anticipated and mentioned herein. These dangers and uncertainties embrace, amongst others, additional deterioration to the worldwide financial and working environments on account of future COVID-19 developments, in addition to these mentioned in better element within the Company’s Annual Report on Form 10-Okay and the Company’s Quarterly Report on Form 10-Q below the caption “Risk Factors,” and in different paperwork filed by the Company every so often with the Securities and Exchange Commission. The Company cautions traders to not place undue reliance on the forward-looking statements contained on this doc. All forward-looking statements are based mostly on info presently obtainable to the Company on the date hereof, and the Company undertakes no obligation to revise or update these forward-looking statements to mirror occasions or circ*mstances after the date of this doc, besides as required by legislation.
Investor Relations Contact:
Reed Anderson, ICR
(646) 277-1260
[emailprotected]
