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Chemed > Investor Relations > News Releases > News Release
News Releases
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Chemed Corporation Increases Quarterly Dividend

CINCINNATI--(BUSINESS WIRE)--Aug. 7, 2009-- Chemed Corporation (NYSE:CHE) announced today that the Board of Directors has declared a quarterly cash dividend of 12 cents per share on the Company’s capital stock, payable on September 4, 2009, to shareholders of record as of August 17, 2009. This represents a 100% increase over the previous quarter’s dividend and is the 153rd consecutive quarterly dividend paid by Chemed in its 38 years as a public company.

Kevin McNamara, Chemed Corporation’s President and Chief Executive Officer stated that “this increase in our dividend is a result of Chemed’s exceptional growth in profitability and cash flow. We remain committed to searching out and completing quality and accretive acquisitions. In addition, Chemed will still have significant funds available for our previously announced share repurchase program.”

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.

Source: Chemed Corporation

Chemed Corporation
David P. Williams, 513-762-6901

All information current at time of original publication. Read complete disclaimer for details.
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Page last modified: 04/18/05