Chemed increases third-quarter dividend.

CINCINNATI--(BUSINESS WIRE)--Aug. 3, 1995--The Board of Directors of Chemed Corporation (NYSE:CHE) yesterday declared a quarterly cash dividend of 52 cents per share on its capital stock, representing a 2 percent increase over the dividend of 51 cents per share paid in each of the prior seven quarters.

The dividend is payable on September 8, 1995, to stockholders of record on August 18, 1995.

This dividend is the 97th consecutive quarterly dividend paid by Chemed and marks the 24th time in Chemed's 24 years as a public corporation that the annual dividend rate has increased for the company's stockholders.

Commenting on the dividend increase, Chemed Chairman and Chief Executive Officer Edward L. Hutton said, ``Chemed is committed to its dividend policy which stresses long-term earnings and cash flow growth. This dividend increase reflects the Board's confidence in Chemed's solid financial position and future earnings potential.''

Chemed Corporation, headquartered in Cincinnati, is a diversified public corporation with strategic positions in medical and dental supply manufacturing for the alternate-care and hospital markets, home healthcare services, and hospice care; plumbing, drain cleaning, and appliance and air-conditioning repair and maintenance through the sale of service contracts; and sanitary maintenance products and services.

CONTACT: Chemed Corporation, Cincinnati

Timothy S. O'Toole, 513/762-6702