Chemed Corporation (NYSE:CHE) announced today that the Board of Directors has declared a quarterly cash dividend of 18-cents per share on the Company’s capital stock, payable on September 4, 2012, to shareholders of record as of August 13, 2012. This is a 2-cent, or 12.5%, increase over the 16-cent dividend paid in the second quarter of 2012. The previous dividend increase was in August 2011, when the Board raised the dividend from 14-cents to 16-cents per share. This represents the 165th consecutive quarterly dividend paid by Chemed in its 41 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 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.