© Reuters.
Chemed Corporation (NYSE:NYSE:), the Cincinnati-based parent company of VITAS Healthcare and Roto-Rooter, announced its 210th consecutive quarterly cash dividend on Friday. The payment of 40 cents per share, reflecting the dividend paid in September 2023, will be paid on December 4, 2023 to shareholders of record before November 13, 2023.
This consistent dividend payment continues Chemed’s tradition since it became a public company 52 years ago. Company representative David P. Williams made the announcement and also cautioned about the inherent risks associated with forward-looking statements.
Chemed operates two major subsidiaries. VITAS Healthcare is the largest hospice provider in the U.S. and Roto-Rooter is a national leader in plumbing and drain cleaning services. More information about Chemed and its operations can be found on the company’s website.
InvestingPro Insights
InvestingPro data and advice indicates a positive outlook for Chemed Corporation. The company’s market capitalization stands at a solid $8.8 billion, and the P/E (adjusted) ratio for Q3 2023 is 34.23, suggesting a high earnings multiple. Additionally, the company has shown solid revenue growth of 4.5% in the trailing twelve months to Q3 2023.
InvestingPro advice further reinforces this positive outlook. The company’s revenue growth has accelerated and is generating a high return on invested capital. Additionally, Chemed’s strong earnings should allow management to continue its tradition of paying dividends, as it has done for 53 consecutive years. This is particularly noteworthy given the company’s recent announcement of its 210th consecutive quarterly cash dividend.
InvestingPro provides a wealth of additional tips and data for those interested in digging deeper into Chemed Corporation’s performance. For example, it provides information on company stock volatility, asset performance, and much more. With InvestingPro, investors have access to 20 additional tips and a full set of real-time metrics, all designed to help them make informed investment decisions.
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