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Chemed Corporation Board of Directors Authorizes an Additional $300 Million for Stock Repurchase and Declares Quarterly Dividend of 60 Cents

1. Chemed authorized an additional $300 million for stock repurchase. 2. The Board declared a quarterly cash dividend of 60 cents per share.

Shares Buyback
+2.13%Current Return
VS
+1.48%S&P 500
$415.3808/01 01:02 PM EDTEvent Start
$424.2208/04 01:30 PM EDTLatest Updated
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FAQ

Why Bullish?

Authorizing share repurchases typically indicates strong financial health and signals confidence. Historically, such actions have positively influenced stock performance.

How important is it?

The article outlines significant financial maneuvers that directly influence CHE’s stock valuation. Details on repurchases and dividends are critical for investor sentiment and stock price projections.

Why Short Term?

Stock repurchase announcements generally lead to immediate market reactions, boosting short-term stock prices. Previous instances show rapid investor responses following similar announcements.

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SPYIVVVTI
CINCINNATI--(BUSINESS WIRE)--Chemed Corporation (NYSE:CHE) announced today that the Board of Directors has formally authorized an additional $300 million for stock repurchase under Chemed's existing share repurchase program. These shares repurchases will be funded through a combination of cash generated from operations as well as utilization of its revolving credit facility. The Board of Directors has declared a quarterly cash dividend of 60-cents per share on the Company's capital stock, payab.

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