Chemed Corporation's Board of Directors Authorizes an Additional $100 Million for Stock Repurchase - Declares Quarterly Dividend of 18 Cents CINCINNATI--(BUSINESS WIRE)

Corporation's Board of Directors Authorizes an Additional $100 Million

for Stock Repurchase - Declares Quarterly Dividend of 18 Cents

CINCINNATI--(BUSINESS WIRE)--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

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.

David P. Williams, 513-762-6901