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News Release Details

Chemed Declares Quarterly Dividend of 11 Cents

August 7, 2002 at 12:00 AM EDT

CINCINNATI, August 7, 2002--Chemed Corporation (NYSE:CHE) announced today that the Board of Directors has declared a quarterly cash dividend of 11 cents per share on its capital stock, payable on September 10, 2002, to stockholders of record on August 21, 2002. This represents the 125th consecutive quarterly dividend paid by Chemed in its 31 years as a public company.

Chemed Corporation (www.chemed.com), headquartered in Cincinnati, is a New York Stock Exchange-listed corporation with strategic positions in plumbing and drain cleaning; residential appliance and air-conditioning repair; and home healthcare 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.

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CONTACT:
Chemed Corporation
Timothy S. O'Toole, 513/762-6702