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Chemed Corporation Holds Annual Shareholders' Meeting; Board Declares Quarterly Dividend

CINCINNATI, May 16, 2011 (BUSINESS WIRE) -- Shareholders of Chemed Corporation (NYSE:CHE) today elected a slate of 10 directors at the Company's 2011 annual shareholders' meeting. Each of the directors continues from the prior term.

Shareholders ratified the continuation of PricewaterhouseCoopers LLP as the Company's independent accountants for 2011. In addition, shareholders approved Chemed's executive compensation and recommended an advisory vote be conducted on an annual basis.

Dividend Declared

Following the shareholders' meeting, Chemed's Board of Directors declared a quarterly cash dividend of 14 cents per share on the Company's capital stock, payable on June 15, 2011, to shareholders of record May 26, 2011. This represents the 160th consecutive quarterly dividend paid to shareholders in Chemed's 40 years as a public company.

Listed on the New York Stock Exchange and headquartered in Cincinnati, Ohio, Chemed Corporation ( 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.

SOURCE: Chemed Corporation

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