Chemed Corporation Holds Annual Meeting of Stockholders; Board Declares Quarterly Dividend

Rhea-AI Summary

Chemed (NYSE:CHE) held its 2024 annual stockholders’ meeting, where 10 directors were elected, and PricewaterhouseCoopers LLP was ratified as the independent accountant for 2024. Stockholders approved the executive compensation but voted against a proposal on termination pay. Subsequently, Chemed's Board declared a quarterly cash dividend of 40 cents per share, payable on June 18, 2024, to stockholders of record as of May 30, 2024. This marks the 212th consecutive quarterly dividend in the company's 53-year history as a public entity. Chemed operates VITAS Healthcare, the nation's largest hospice care provider, and Roto-Rooter, a leading plumbing and drain cleaning service provider.

Positive

• Election of 10 directors ensures stable governance.
• Ratification of PricewaterhouseCoopers LLP as independent accountants may bolster investor confidence.
• Approval of executive compensation could signal internal stability and satisfaction.
• Declaration of a 40 cents per share cash dividend continues Chemed’s long-standing dividend payout streak, reflecting strong financial health.
• The 212th consecutive quarterly dividend signifies consistent shareholder returns.

Negative

• Stockholders voted against a proposal on termination pay, indicating potential discontent or disagreement on this issue.

CINCINNATI--(BUSINESS WIRE)-- Stockholders of Chemed Corporation (NYSE:CHE) today elected a slate of 10 directors at the Company’s 2024 annual stockholders’ meeting.

Stockholders ratified the continuation of PricewaterhouseCoopers LLP as the Company’s independent accountants for 2024. Stockholders also approved Chemed’s executive compensation. In addition, stockholders voted against the stockholder proposal on ratification of termination pay.

Dividend Declared

Following the stockholders’ meeting, Chemed’s Board of Directors declared a quarterly cash dividend of 40 cents per share on the Company’s capital stock, payable on June 18, 2024, to stockholders of record as of May 30, 2024. This represents the 212th consecutive quarterly dividend paid to stockholders in Chemed’s 53 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 and 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/20240520229029/en/

Michael D. Witzeman

(513) 762-6714

Source: Chemed Corporation

FAQ

What did Chemed announce at its 2024 annual stockholders' meeting?

Chemed announced the election of 10 directors, ratification of PricewaterhouseCoopers LLP as independent accountants for 2024, approval of executive compensation, and rejection of a proposal on termination pay.

When is the next Chemed (CHE) dividend payment?

The next Chemed dividend payment of 40 cents per share will be on June 18, 2024, to stockholders of record as of May 30, 2024.

How many consecutive quarterly dividends has Chemed (CHE) paid?

Chemed has paid 212 consecutive quarterly dividends.

What subsidiaries does Chemed (CHE) operate?

Chemed operates two subsidiaries: VITAS Healthcare, the largest provider of end-of-life hospice care, and Roto-Rooter, the leading provider of plumbing and drain cleaning services.

What was the outcome of the stockholder proposal on termination pay at Chemed's 2024 annual meeting?

The stockholder proposal on termination pay was voted against by the stockholders.