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

Rhea-AI Summary

Chemed Corporation (NYSE:CHE) held its annual stockholders’ meeting today, where a slate of 10 directors was elected for another term. Stockholders approved the continuation of PricewaterhouseCoopers LLP as independent accountants for 2021 and ratified executive compensation. Notably, a quarterly cash dividend of 34 cents per share was declared, payable on June 16, 2021, to shareholders of record as of May 27, marking Chemed's 200th consecutive quarterly dividend in its 50 years as a public company.

Positive

• Declaration of a quarterly cash dividend of 34 cents per share, enhancing shareholder income.
• 200th consecutive quarterly dividend showcases long-term financial stability and commitment to shareholders.

Negative

• None.

Stockholders of Chemed Corporation (NYSE:CHE) today elected a slate of 10 directors at the Company’s 2021 annual stockholders’ meeting. Each of the directors continues from the prior term.

Stockholders ratified the continuation of PricewaterhouseCoopers LLP as the Company’s independent accountants for 2021 and approved Chemed’s executive compensation. In addition, stockholders voted in favor of the proposal to issue a semi-annual report on the Company’s policies on political spending and political contributions made.

Dividend Declared

Following the stockholders’ meeting, Chemed’s Board of Directors declared a quarterly cash dividend of 34 cents per share on the Company’s capital stock, payable on June 16, 2021, to stockholders of record as of May 27, 2021. This represents the 200th consecutive quarterly dividend paid to stockholders in Chemed’s 50 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/20210517005830/en/

FAQ

What is the dividend declared by Chemed Corporation?

Chemed Corporation declared a quarterly cash dividend of 34 cents per share.

When is the dividend payable?

The dividend is payable on June 16, 2021.

What is the record date for the dividend?

The record date for the dividend is May 27, 2021.

How many consecutive quarterly dividends has Chemed paid?

Chemed has paid 200 consecutive quarterly dividends.

Who were elected as directors at the annual meeting?

A slate of 10 directors was elected at the annual stockholders’ meeting.