Chemed Declares $300 Million Addition to Share-Buyback Program

Dow Jones11-09

By Sabela Ojea

Chemed said it would add $300 million of company shares to its existing buy back program.

The owner of VITAS Healthcare and Roto-Rooter on Friday said its board approved the addition to the stock-repurchase program, which would be funded through its cash resources and its revolving credit facility.

In addition, the company declared a quarterly cash dividend of 30 cents, payable on Dec. 6.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

November 08, 2024 12:51 ET (17:51 GMT)

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