LifeMD (NASDAQ:LFMDP) Trading Up 0.1% – Here’s What Happened

LifeMD, Inc. (NASDAQ:LFMDP)’s share price was up 0.1% during mid-day trading on Monday . The company traded as high as $23.35 and last traded at $23.0260. Approximately 837 shares changed hands during trading, a decline of 59% from the average daily volume of 2,062 shares. The stock had previously closed at $23.00.

LifeMD Price Performance

The stock’s 50-day moving average is $22.69 and its 200 day moving average is $23.00.

LifeMD Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd will be issued a $0.5547 dividend. This represents a $2.22 annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend is Thursday, April 2nd.

About LifeMD

LifeMD Inc is a telehealth provider offering personalized virtual medical and wellness services via its digital platform. The company connects patients with licensed healthcare professionals for consultations, diagnosis, and treatment across a broad spectrum of health needs. Through a subscription-based model, LifeMD delivers ongoing support for chronic condition management, preventive care and general health maintenance, aiming to improve access to care and enhance patient convenience.

The company’s service offerings include remote consultations in primary care, hormone replacement therapy, sexual health, weight management, mental wellness and dermatology.