Chemed (CHE) announced that the board of directors has formally authorized an additional $300M 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 board has declared a quarterly cash dividend of 50c per share on the company’s capital stock, payable on December 6 to shareholders of record as of November 18. This is equal to the dividend paid in August 2024, the company noted.
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Read More on CHE:
- Chemed price target lowered to $633 from $697 at RBC Capital
- Chemed Corporation Reports Mixed Q3 2024 Results
- Chemed reports Q2 EPS $5.64 vs. $4.93 last year
- Chemed (CHE) Q3 Earnings Cheat Sheet
- Chemed management to meet with Oppenheimer
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