Chemed hikes dividend by 5.3% to $0.40 quarterly in 2023

On August 4, 2023, Chemed Corporation (CHE) announced a 5.3% dividend hike to $0.40 quarterly per share, marking the 15th consecutive year of increased dividends. The new dividend yield for Chemed is just 0.3%.

The next CHE dividend will be payable on September 5, 2023, to shareholders of record as of August 14, 2023. This is a 2-cent, or 5.3%, increase over the 38-cent dividend paid in June 2023. The previous increase was in August 2022, when the Board raised the quarterly dividend from 36-cents to 38-cents per share. This represents the 209th consecutive quarterly dividend paid by Chemed in its 52 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.