LFVN - LifeVantage Declares Special Cash Dividend of $0.40 Per Share | Benzinga
SALT LAKE CITY, Aug. 28, 2023 (GLOBE NEWSWIRE) -- LifeVantage Corporation (NASDAQ:LFVN) a leading health and wellness company with products designed to activate optimal health processes, today announced that the Company's Board of Directors has declared a special one-time cash dividend of $0.40 per share of common stock, which will be paid September 22, 2023 to all stockholders of record at the close 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," said 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 company, is a pioneer ...