LifeVantage Declares Quarterly Dividend

Rhea-AI Summary

LifeVantage Corporation (Nasdaq: LFVN) has declared a quarterly cash dividend of $0.03 per share, to be distributed on December 15, 2022, to shareholders on record as of December 1, 2022. This announcement reflects the company's commitment to providing returns to its investors amidst its focus on nutrigenomics and health solutions. LifeVantage markets a range of dietary supplements, including its flagship product Protandim^®, and is dedicated to research and development in natural health advancements.

Positive

• Approved a quarterly cash dividend of $0.03 per share.
• Payment date set for December 15, 2022, indicating ongoing shareholder returns.

Negative

• None.

SALT LAKE CITY, Nov. 02, 2022 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq:LFVN) today announced that the Company’s Board of Directors has approved a quarterly cash dividend of $0.03 per share of common stock, which will be paid December 15, 2022 to all stockholders of record at the close of business on December 1, 2022.

About LifeVantage Corporation

LifeVantage Corporation (Nasdaq: LFVN) is a pioneer in nutrigenomics, the study of how nutrition and naturally occurring compounds affect human genes to support good health. The Company engages in the identification, research, development, formulation and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, skin and hair care, bath & body, and targeted relief products. The Company’s line of scientifically-validated dietary supplements includes its flagship Protandim^® family of products, LifeVantage^® Omega+^™, ProBio^™, IC Bright^®, and Daily Wellness^™ dietary supplements, TrueScience^® is the Company's line of skin, hair, bath & body, and targeted relief products. The Company also markets and sells Petandim^®, its companion pet supplement formulated to combat oxidative stress in dogs, Axio^® its nootropic energy drink mixes, and PhysIQ^™, its smart weight management system. LifeVantage was founded in 2003 and is headquartered in Lehi, Utah. For more information, visit www.lifevantage.com.

Cautionary Note Regarding Forward Looking Statements

This document contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as "believe," "will," "hopes," "intends," "estimates," "expects," "projects," "plans," "anticipates," "look forward to," "goal," “may be,” and variations thereof, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. The declaration and/or payment of a dividend during any quarter provides no assurance as to future dividends, and the timing and amount of future dividends, if any, could vary significantly in comparison both to past dividends and to current expectations. Examples of forward-looking statements include, but are not limited to, statements we make regarding executing against and the benefits of our key initiatives, future growth, including geographic and product expansion, the impact of COVID-19 on our business, expected financial performance, and expected dividend payments in future quarters. Such forward-looking statements are not guarantees of performance and the Company's actual results could differ materially from those contained in such statements. These forward-looking statements are based on the Company's current expectations and beliefs concerning future events affecting the Company and involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. These risks and uncertainties include, among others, further deterioration to the global economic and operating environments as a result of future COVID-19 developments, as well as those discussed in greater detail in the Company's Annual Report on Form 10-K and the Company's Quarterly Report on Form 10-Q under the caption "Risk Factors," and in other documents filed by the Company from time to time with the Securities and Exchange Commission. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this document. All forward-looking statements are based on information currently available to the Company on the date hereof, and the Company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after the date of this document, except as required by law.

Investor Relations Contact:

Reed Anderson, ICR
(646) 277-1260
reed.anderson@icrinc.com

FAQ

What is the amount of LifeVantage's quarterly dividend?

LifeVantage has announced a quarterly dividend of $0.03 per share.

When will LifeVantage's dividend be paid?

The dividend will be paid on December 15, 2022.

What is the record date for LifeVantage's dividend?

The record date for the dividend is December 1, 2022.

How often does LifeVantage pay dividends?

LifeVantage typically pays dividends quarterly.

Is the dividend from LifeVantage sustainable?

The press release does not guarantee sustainability of future dividends.