LifeMD (NASDAQ:LFMDP) Stock Price Down 1.8% – Here’s What Happened

LifeMD, Inc. (NASDAQ:LFMDP)’s stock price was down 1.8% during mid-day trading on Friday . The stock traded as low as $23.36 and last traded at $23.3250. Approximately 6,538 shares changed hands during mid-day trading, an increase of 204% from the average daily volume of 2,154 shares. The stock had previously closed at $23.75.

LifeMD Price Performance

The company has a 50-day moving average price of $23.70 and a 200-day moving average price of $22.95.

LifeMD Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, April 3rd were given a dividend of $0.5547 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $2.22 dividend on an annualized basis and a yield of 9.5%.

LifeMD Company Profile

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.