Chemed Corporation Board of Directors Authorizes an Additional $300 Million for Stock Repurchase and Declares Quarterly Dividend of 50 Cents
09 November 2024 - 3:43AM
Business Wire
Chemed Corporation (NYSE:CHE) announced today that the Board of
Directors has formally authorized an additional $300 million for
stock repurchase under Chemed’s existing share repurchase program.
These share repurchases will be funded through a combination of
cash generated from operations as well as utilization of its
revolving credit facility.
The Board of Directors has declared a quarterly cash dividend of
50-cents per share on the Company’s capital stock, payable on
December 6, 2024, to shareholders of record as of November 18,
2024. This is equal to the dividend paid in August 2024. This
represents the 214th consecutive quarterly dividend paid by Chemed
in its 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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20241107809611/en/
Michael D. Witzeman (513) 762-6714
Chemed (NYSE:CHE)
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