Chemed holds annual stockholders' meeting; declares 52-cent-per-share quarterly dividend.CINCINNATI--(BUSINESS WIRE)--May 20, 1997--Chemed Corporation (NYSE NYSE See: New York Stock Exchange :CHE) today announced that a slate of 15 directors was elected at the company's 1997 Annual Meeting of Stockholders on May 19. All of them were previously serving as directors. Stockholders also approved the company's 1997 Stock Incentive Plan, covering 500,000 shares of common stock, and ratified rat·i·fy tr.v. rat·i·fied, rat·i·fy·ing, rat·i·fies To approve and give formal sanction to; confirm. See Synonyms at approve. the continuation of Price Waterhouse LLP LLP - Lower Layer Protocol as the company's independent accountants for 1997. Dividend Declared Immediately following the meeting, Chemed's Board of Directors declared 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. on the company's capital stock, payable on June 16, 1997, to stockholders of record on June 2, 1997. This represents the 104th consecutive quarterly dividend paid by Chemed in its 26 years as a public company. Chemed Corporation, headquartered in Cincinnati, is a diversified public corporation with strategic positions in plumbing and drain cleaning; sanitary-maintenance-product distribution; home healthcare services; 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; and residential appliance and air-conditioning repair. CONTACT: Chemed Corporation, Cincinnati Timothy S. O'Toole, 513/762-6702 |
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