August 10, 2009 (FinancialWire) — Chemed Corp.’s (NYSE: CHE) board has declared a quarterly cash dividend of 12 cents per share on the company’s capital stock, payable on September 4 to shareholders of record as of August 17. This represents a 100% increase over the company’s previous quarter’s dividend.

company CEO Kevin McNamara said the increase “is a result of Chemed’s exceptional growth in profitability and cash flow.”

Cincinnati, Ohio-based Chemed operates Vitas Healthcare and Roto-Rooter. Vitas is a provider of end-of-life hospice care, while Roto-Rooter provides plumbing and drain cleaning services.

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