Chemed Corporation's Board Of Directors Authorizes An Additional $300M For Stock Repurchase
Portfolio Pulse from Benzinga Newsdesk
Chemed Corporation (NYSE:CHE) has announced that its Board of Directors has authorized an additional $300 million for stock repurchase under its existing share repurchase program. The repurchases will be funded through cash generated from operations and utilization of its revolving credit facility.
November 06, 2023 | 2:06 pm
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Chemed Corporation's additional $300 million stock repurchase could potentially increase the stock's value in the short term.
Stock repurchases often lead to a rise in the stock's price as they reduce the number of shares in circulation, thereby increasing earnings per share. This could potentially lead to an increase in Chemed's stock value in the short term.
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