Chemed Corporation (NYSE:CHE) Plans Quarterly Dividend of $0.60

Chemed Corporation (NYSE:CHE) announced a quarterly dividend on Friday, November 7th. Stockholders of record on Monday, November 17th will be paid a dividend of 0.60 per share on Friday, December 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, November 17th.

Chemed has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 16 years. Chemed has a dividend payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Chemed to earn $23.30 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 10.3%.

Chemed Price Performance

Shares of Chemed stock traded down $10.83 on Friday, hitting $435.18. The company had a trading volume of 127,847 shares, compared to its average volume of 153,466. Chemed has a 52 week low of $408.42 and a 52 week high of $623.60. The company has a market cap of $6.16 billion, a PE ratio of 23.01, a PEG ratio of 2.69 and a beta of 0.43. The business has a 50-day simple moving average of $443.97 and a 200-day simple moving average of $484.16.

Chemed (NYSE:CHE) last released its earnings results on Tuesday, October 28th. The company reported $5.27 earnings per share for the quarter, missing analysts’ consensus estimates of $5.39 by ($0.12). Chemed had a return on equity of 25.89% and a net margin of 11.02%.The firm had revenue of $624.90 million during the quarter, compared to analyst estimates of $626.04 million. During the same quarter last year, the company earned $5.64 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. Chemed has set its FY 2025 guidance at 22.000-22.300 EPS. On average, equities research analysts predict that Chemed will post 21.43 earnings per share for the current fiscal year.

About Chemed

Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates in VITAS and Roto-Rooter segments. It offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees.