Chemed Corporation Declares Quarterly Dividend of 38 Cents

Rhea-AI Summary

Chemed Corporation (NYSE:CHE) has declared a quarterly cash dividend of 38-cents per share, marking a 5.6% increase from the 36-cent dividend paid in June 2022. This dividend will be payable on September 2, 2022, to shareholders of record as of August 15, 2022. This is the 205^th consecutive quarterly dividend paid by Chemed since it became public 51 years ago. The company operates two subsidiaries: VITAS Healthcare and Roto-Rooter.

Positive

• Announcement of a 5.6% dividend increase reflects company confidence.
• Continued commitment with the 205th consecutive quarterly dividend.

Negative

• None.

CINCINNATI--(BUSINESS WIRE)-- Chemed Corporation (NYSE:CHE) announced today that the Board of Directors has declared a quarterly cash dividend of 38-cents per share on the Company’s capital stock, payable on September 2, 2022, to shareholders of record as of August 15, 2022. This is a 2-cent, or 5.6%, increase over the 36-cent dividend paid in June 2022. The previous increase was in August 2021, when the Board raised the quarterly dividend from 34-cents to 36-cents per share. This represents the 205^th consecutive quarterly dividend paid by Chemed in its 51 years as a public company.

Listed on the New York Stock Exchange and headquartered in Cincinnati, Ohio, Chemed Corporation (www.chemed.com) operates two wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. VITAS is the nation's largest provider of end-of-life hospice care and Roto-Rooter is the nation’s leading provider of plumbing and drain cleaning services.

Statements in this press release or in other Chemed communications may relate to future events or Chemed's future performance. Such statements are forward-looking statements and are based on present information Chemed has related to its existing business circumstances. Investors are cautioned that such forward-looking statements are subject to inherent risk that actual results may differ materially from such forward-looking statements. Further, investors are cautioned that Chemed does not assume any obligation to update forward-looking statements based on unanticipated events or changed expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220726006077/en/

David P. Williams

(513) 762-6901

Source: Chemed Corporation

FAQ

What is the new dividend amount for Chemed Corporation?

The new dividend amount is 38-cents per share.

When will the dividend be payable to shareholders?

The dividend will be payable on September 2, 2022.

What was the previous dividend amount before the increase?

The previous dividend amount was 36-cents per share.

How often does Chemed Corporation pay dividends?

Chemed Corporation pays dividends quarterly.

What subsidiaries does Chemed Corporation operate?

Chemed operates VITAS Healthcare and Roto-Rooter.