Chemed Corporation (NYSE: CHE) today announced that its Board of Directors has authorized an additional $300 million for stock repurchases under the company’s existing share repurchase program. These repurchases will be funded with a mix of cash generated from operations and its revolving credit facility.
The Board also declared a quarterly cash dividend of 50 cents per share, payable on December 6, 2024, to shareholders of record as of November 18, 2024. This dividend is the same as the August 2024 payment and marks the 214th consecutive quarterly dividend since Chemed became a public company 53 years ago.
Headquartered in Cincinnati, Ohio, Chemed Corporation operates two wholly owned subsidiaries: VITAS Healthcare, the largest provider of hospice care in the U.S., and Roto-Rooter, the nation’s leading provider of plumbing and drain cleaning services.
This press release contains forward-looking statements regarding future events or performance. Investors are cautioned that these statements are based on current information and are subject to inherent risks that could cause actual results to differ materially. Chemed does not assume any obligation to update these statements in light of unforeseen events or changes in expectations.
