Chemed Corporation (CHE) to Issue Quarterly Dividend of $0.60 on June 16th

Chemed Corporation (NYSE:CHE) announced a quarterly dividend on Monday, May 18th. Stockholders of record on Thursday, May 28th will be given a dividend of 0.60 per share on Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, May 28th.

Chemed has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 16 years. Chemed has a payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Chemed to earn $25.48 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 9.4%.

Chemed Stock Performance

CHE opened at $440.67 on Wednesday. The firm has a market cap of $5.85 billion, a PE ratio of 24.01, a P/E/G ratio of 1.66 and a beta of 0.54. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $397.97 and a 200-day simple moving average of $424.97. Chemed has a fifty-two week low of $365.20 and a fifty-two week high of $583.96.

Chemed (NYSE:CHE) last released its quarterly earnings data on Thursday, April 23rd. The company reported $5.65 earnings per share for the quarter, topping the consensus estimate of $5.30 by $0.35. The business had revenue of $657.51 million during the quarter, compared to analyst estimates of $659.22 million. Chemed had a return on equity of 27.18% and a net margin of 10.23%.The company’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $5.63 EPS. Chemed has set its FY 2026 guidance at 24.000-24.75 EPS. As a group, equities analysts predict that Chemed will post 22.3 EPS for the current fiscal year.

Insider Activity

In related news, CEO Kevin J. Mcnamara sold 2,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $421.13, for a total transaction of $842,260.00. Following the completion of the sale, the chief executive officer directly owned 90,219 shares in the company, valued at approximately $37,993,927.47. This trade represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.33% of the company’s stock.

Institutional Trading of Chemed

Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in shares of Chemed by 3.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 734 shares of the company’s stock worth $314,000 after acquiring an additional 22 shares in the last quarter. WCM Investment Management LLC raised its holdings in Chemed by 3.8% during the third quarter. WCM Investment Management LLC now owns 661 shares of the company’s stock valued at $299,000 after buying an additional 24 shares in the last quarter. Eukles Asset Management raised its holdings in Chemed by 0.4% during the third quarter. Eukles Asset Management now owns 6,031 shares of the company’s stock valued at $2,700,000 after buying an additional 24 shares in the last quarter. Cim LLC raised its holdings in Chemed by 1.1% during the third quarter. Cim LLC now owns 2,139 shares of the company’s stock valued at $958,000 after buying an additional 24 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Chemed by 71.4% during the third quarter. Smartleaf Asset Management LLC now owns 60 shares of the company’s stock valued at $27,000 after buying an additional 25 shares in the last quarter. 95.85% of the stock is currently owned by hedge funds and other institutional investors.

About Chemed

Chemed Corporation is a diversified provider of essential home services and healthcare solutions in the United States. Headquartered in Cincinnati, Ohio, the company operates through two principal business segments—Roto-Rooter and Vitas Healthcare. Since its founding in 1974, Chemed has built a reputation for reliability and expertise, serving both residential and commercial customers across a broad range of markets.

The Roto-Rooter segment offers a comprehensive suite of plumbing, drain cleaning and water restoration services.