Chemed Corporation Boosts Quarterly Dividend by 5.3% - A Testament to Financial Stability and Shareholder Value
Dividends
August 5, 2023
Chemed Corporation, a renowned public company, has exciting news for its shareholders. The company recently declared a quarterly cash dividend of 40 cents per share on its capital stock. This marks a 5.3% increase compared to the 38-cent dividend paid in June 2023, demonstrating the company's commitment to rewarding its investors.
The Board of Directors at Chemed Corporation made the decision to raise the dividend payout in a move to bolster investor confidence and showcase the company's strong financial position. Shareholders of record as of August 14, 2023, will be eligible to receive the dividend payment, which is scheduled to be disbursed on September 5, 2023.
Chemed Corporation has an impressive track record of delivering value to its shareholders. The recent dividend increase represents the 209th consecutive quarterly dividend paid by the company in its 52 years of being a public entity. This remarkable consistency highlights the company's stability and successful financial management.
The company's commitment to enhancing shareholder value was evident in August 2022 when the Board decided to raise the quarterly dividend from 36 cents to 38 cents per share. This move marked an earlier increase that paved the way for the subsequent 5.3% increase announced recently. Such deliberate and consistent increments illustrate Chemed Corporation's dedication to creating long-term shareholder wealth.
For investors seeking reliable income streams, Chemed Corporation's dividend announcement presents an attractive opportunity. With a history of steady dividend growth and a strong financial foundation, the company remains an appealing option for those looking to invest in a stable and well-established entity.
As Chemed Corporation continues to thrive, the recent 5.3% increase in its quarterly dividend demonstrates the company's commitment to its shareholders. The Board of Directors' decision to enhance the dividend payout showcases their confidence in the company's future performance and underlines Chemed Corporation's dedication to rewarding its investors for their trust and support.
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