Chemed Corporation’s Board of Directors Authorizes an Additional $100 Million for Stock Repurchase – Declares Quarterly

  Chemed Corporation’s Board of Directors Authorizes an Additional $100
  Million for Stock Repurchase – Declares Quarterly Dividend of 18 Cents

Business Wire

CINCINNATI -- February 20, 2013

Chemed Corporation (NYSE:CHE) announced today that the Board of Directors has
formally authorized an additional $100 million for stock repurchase under
Chemed’s existing share repurchase program. These share repurchases will be
funded through a combination of cash generated from operations as well as
utilization of its revolving credit facility.

The Board of Directors also declared a quarterly cash dividend of 18-cents per
share on the Company’s capital stock, payable on March 22, 2013, to
shareholders of record as of March 4, 2013. This represents the 167th
consecutive quarterly dividend paid by Chemed in its 41 years as a public
company.

Listed on the New York Stock Exchange and headquartered in Cincinnati, Ohio,
Chemed Corporation (www.chemed.com) operates two wholly owned subsidiaries:
VITAS Healthcare and Roto-Rooter. VITAS is the nation's largest provider of
end-of-life hospice care and Roto-Rooter is the nation’s leading provider of
plumbing and drain cleaning services.

Statements in this press release or in other Chemed communications may relate
to future events or Chemed's future performance. Such statements are
forward-looking statements and are based on present information Chemed has
related to its existing business circumstances. Investors are cautioned that
such forward-looking statements are subject to inherent risk that actual
results may differ materially from such forward-looking statements. Further,
investors are cautioned that Chemed does not assume any obligation to update
forward-looking statements based on unanticipated events or changed
expectations.

Contact:

Chemed Corporation
David P. Williams, 513-762-6901
 
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