Chemed Board Increase Share Buyback, Dividend

Dow Jones
2025/08/02
 

By Chris Wack

 

Chemed's board of directors has authorized an additional $300 million for stock repurchases under its existing share buyback program and boosted the company's dividend by 20%.

The company, which provides both end-of-life hospice care and plumbing and drain cleaning services, said the shares repurchases will be funded through a combination of cash generated from operations as well as utilization of its revolving credit facility.

The board also raised its dividend 20%, to 60 cents a share from 50 cents. The dividend is payable Aug. 29 to shareholders of record as of Aug. 11. Chemed's previous dividend increase was last August.

Chemed shares hit their 52-week low of $408.42 earlier in the session, and are down 28% in the past 12 months.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

August 01, 2025 13:18 ET (17:18 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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