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
