Chemed Corporation (CHE) will raise its quarterly dividend by 6.7 percent to $0.32 per share in 2019. This marks the company's 11th consecutive year of annual dividend increases.
The next dividend is payable on September 3, 2019, to shareholders of record as of August 12, 2019. A new annual rate of $1.28 per share yields 0.3% at a stock price of $408. This represents the 193rd consecutive quarterly dividend paid by Chemed in its 48 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.