Chemed Corporation (CHE) will raise its quarterly dividend by 7.1 percent to $0.30 per share in 2018. This marks the company's 10th consecutive year of annual dividend increases.

The dividend is payable on August 31, 2018, to shareholders of record as of August 13, 2018. The new annual dividend of $1.20 per share yields 0.5%. This represents the 189th consecutive quarterly dividend paid by Chemed in its 47 years as a public company.

Chemed Corporation operates through two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company's VITAS provides hospice and palliative care services to its patients through a network of physicians, registered nurses, home health aides, social workers, clergy and volunteers. VITAS is the provider of hospice services in an industry dominated primarily by small, non-profit, community-based hospices.