Chemed appoints new vice president to board; declares 102nd consecutive dividend.CINCINNATI--(BUSINESS WIRE)--Nov. 7, 1996--Chemed Corp. (NYSE NYSE See: New York Stock Exchange :CHE) today announced that the board of directors has named Lawrence J. Gillis, age 61, a vice president of Chemed and elected him to serve on the board. Gillis continues to serve as president of the Roto-Rooter Services Co. subsidiary of Chemed. In additional board action, a quarterly cash dividend of 52 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. was declared on Chemed's capital stock, payable on Dec. 10, 1996, to stockholders of record on Nov. 22, 1996. This represents the 102nd consecutive quarterly dividend paid by Chemed in its 25 years as a public company. Gillis has more than 30 years of experience with Roto-Rooter, beginning as a franchise owner in Minneapolis. In 1983, he joined Roto-Rooter Services Co. as the Midwest regional manager. In 1991, Gillis was named senior vice president of operations, and in 1994, he assumed his current position as president. Gillis holds a B.S. degree from St. Mary's University in Winona, Minn. He also served in the U.S. Marine Corps. Gillis fills a vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled. 2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. on the Chemed board created by the departure of William R. Griffin, who resigned to pursue other interests. Chemed Corp., headquartered in Cincinnati, is a diversified diversified (di·verˑ·s public corporation with strategic positions in medical and dental disposable-product supply and supportive services for the primary, acute, and long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. markets; home healthcare services; plumbing plumbing, piping systems inside buildings for water supply and sewage. The Romans had a highly developed plumbing system; water was brought to Rome by aqueducts and distributed to homes in lead pipes—hence the name plumbing from the Latin word plumbum , drain cleaning, and residential appliance and air-conditioning repair; and sanitary-maintenance-product distribution services. CONTACT: Chemed Corp., Cincinnati Timothy S. O'Toole, 513/762-6702 |
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