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Chemed Corporation Declares Quarterly Dividend of 40 Cents
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Chemed Corporation (NYSE:CHE) has announced a 5.3% increase in its quarterly cash dividend, raising it to 40-cents per share. This marks the 209th consecutive quarterly dividend paid by Chemed in its 52 years as a public company.
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CINCINNATI--(BUSINESS WIRE)--
Chemed Corporation (NYSE:CHE) announced today that the Board of Directors has declared a quarterly cash dividend of 40-cents per share on the Company’s capital stock, payable on September 5, 2023, to shareholders of record as of August 14, 2023. This is a 2-cent, or 5.3%, increase over the 38-cent dividend paid in June 2023. The previous increase was in August 2022, when the Board raised the quarterly dividend from 36-cents to 38-cents per share. This represents the 209th consecutive quarterly dividend paid by Chemed in its 52 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.
What is the new quarterly cash dividend announced by Chemed Corporation?
Chemed Corporation has announced a quarterly cash dividend of 40-cents per share.
How much is the increase in the dividend compared to the previous quarter?
The dividend has increased by 2-cents, or 5.3%, compared to the previous quarter.
When will the dividend be payable?
The dividend will be payable on September 5, 2023.
Who are the wholly owned subsidiaries of Chemed Corporation?
Chemed Corporation 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.
