CINCINNATI, Nov 07, 2011 (BUSINESS WIRE) --
Chemed Corporation (NYSE:CHE) announced today that the Board of
Directors has formally authorized an additional $100 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 also declared a quarterly cash dividend of 16
cents per share on the Company's capital stock, payable on December 7,
2011, to shareholders of record as of November 17, 2011. This represents
the 162nd consecutive quarterly dividend paid by Chemed in
its 40 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.
SOURCE: Chemed Corporation
David P. Williams, 513-762-6901