Chemed Corporation (NYSE:CHE) announced today that the Board of Directors has declared a quarterly cash dividend of 14-cents per share on the Company's capital stock, payable on September 7, 2010, to shareholders of record as of August 16, 2010. This is a 2-cent, or 16.7%, increase over the 12-cent dividend paid in the second quarter of 2010. The previous dividend increase was in August 2009, when the Board raised the dividend from 6-cents to 12-cents per share. This represents the 157th consecutive quarterly dividend paid by Chemed in its 39 years as a public company.
Listed on the New York Stock Exchange and headquartered in Cincinnati, Ohio, Chemed Corporation (www.chemed.com) 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.