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, which reflects the dividend paid in September 2023, will be payable 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 provider of end-of-life hospice care in the United States, and Roto-Rooter is a national leader in plumbing and drain cleaning services. More information about Chemed and its operations is available on the company’s website.
InvestingPro data and advice indicates a positive outlook for Chemed Corporation. The company’s market capitalization stands at a solid USD 8,800 million and the (adjusted) P/E ratio for Q3 2023 is 34.23, suggesting a high earnings multiple. Additionally, the company posted solid revenue growth of 4.5% over the trailing twelve months in Q3 2023.
InvestingPro Tips further reinforces this positive outlook. The company’s revenue growth has accelerated and it generates a high return on invested capital. Furthermore, Chemed’s strong results should allow management to continue its tradition of paying dividends, which it has done for 53 consecutive years. This is especially notable given the company’s recent announcement of its 210th consecutive quarterly cash dividend.
InvestingPro provides a wealth of additional advice and data for those looking to dig deeper into Chemed Corporation’s performance. For example, it offers insight into company stock volatility, return on assets and much more. With InvestProInvestors have access to 20 additional tips and a comprehensive set of real-time metrics, all designed to help them make informed investment decisions.
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