Chemed (CHE) Declares $0.16 Quarterly Dividend; 1.1% Yield; Authorizes $100M Buyback
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Chemed Corp. (NYSE: CHE) declared a quarterly dividend of $0.16 per share, or $0.64 annualized.
The dividend will be payable on December 7, 2011, to stockholders of record on November 17, 2011, with an ex-dividend date of November 15, 2011.
The annual yield on the dividend is 1.1 percent.
Chemed Corporation (NYSE: CHE) announced today that the Board of Directors has formally authorized an additional $100 million for stock repurchase under Chemed’s existing share repurchase program. These share repurchases will be funded through a combination of cash generated from operations as well as utilization of its revolving credit facility.
The dividend will be payable on December 7, 2011, to stockholders of record on November 17, 2011, with an ex-dividend date of November 15, 2011.
The annual yield on the dividend is 1.1 percent.
Chemed Corporation (NYSE: CHE) announced today that the Board of Directors has formally authorized an additional $100 million for stock repurchase under Chemed’s existing share repurchase program. These share repurchases will be funded through a combination of cash generated from operations as well as utilization of its revolving credit facility.
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