Chemed Corporation (CHE) will raise its quarterly dividend by 6.3 percent to 34 cents per share in 2020. This follows a 6.7 percent hike to $0.32 per share in 2019 and marks the company's 12th consecutive year of annual dividend increases.
The next dividend is payable on September 4, 2020, to shareholders of record as of August 17, 2020. A new annual rate of $1.36 per share yields 0.3% at a stock price of $514.
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.