Chemed Approves Additional $300 Million Share Buyback, Maintains Dividend

MT Newswires Live

02/14

Chemed (CHE) said Friday its board has approved an additional $300 million for share repurchases under its existing buyback program.

The company said it plans to fund its buyback program through a combination of cash from operations and its revolving credit facility.

Additionally, Chemed said it maintained its quarterly dividend at $0.60 a share, payable on March 13 to shareholders of record as of Feb. 23.

Shares of Chemed were up 1.8% in recent trading Friday.

Price: 472.40, Change: +8.44, Percent Change: +1.82

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