Chemed: Dividend Insights
Portfolio Pulse from Benzinga Insights
Chemed (NYSE:CHE) announced a quarterly dividend of 40 cents per share, with the ex-dividend date set for this Friday. Shareholders owning CHE by the end of Thursday are eligible for the payout, which will be distributed on March 15, 2024.
February 20, 2024 | 2:45 pm
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Chemed announced a quarterly dividend of 40 cents per share, with eligibility for shareholders owning the stock by end of Thursday and payout on March 15, 2024.
Dividend announcements typically have a neutral to slightly positive impact on stock prices in the short term. However, since the dividend amount is consistent with previous payouts, the immediate impact on CHE's stock price is likely to be neutral. The ex-dividend date effect, where the stock price adjusts to reflect the dividend payout, is a well-understood market mechanism and usually does not indicate a fundamental change in the company's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100