Chemed CEO just returned $300 million to shareholders - here's why it matters for your portfolio
Key Points
- Chemed Corporation is confidently returning $300 million to ...
While most companies are clutching their cash tighter than a college student's last twenty-dollar bill, Chemed Corporation just announced they're handing back $300 million to shareholders through stock buybacks and boosting their quarterly dividend by 60 cents. That's either supreme confidence or they've got money burning holes in their corporate pockets.
When Management Thinks Their Stock is on Sale
Stock buybacks are basically company management saying, "Our shares are so cheap right now, we'd rather buy them than find a decent coffee shop investment." Chemed's $300 million buyback wil...
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