Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) declared a monthly dividend on Wednesday, July 31st, TickerTech reports. Shareholders of record on Friday, August 30th will be given a dividend of 0.055 per share on Friday, August 30th. This represents a $0.66 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date of this dividend is Wednesday, July 31st.
Chemtrade Logistics Income Fund Price Performance
Shares of TSE CHE.UN remained flat at C$9.50 during mid-day trading on Tuesday. 281,205 shares of the stock were exchanged, compared to its average volume of 261,548. The company has a market capitalization of C$1.11 billion, a PE ratio of 6.55 and a beta of 1.48. The company has a debt-to-equity ratio of 128.22, a current ratio of 0.42 and a quick ratio of 0.48. The firm’s fifty day moving average is C$9.26 and its 200-day moving average is C$8.82. Chemtrade Logistics Income Fund has a one year low of C$7.60 and a one year high of C$9.59.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Desjardins lifted their target price on Chemtrade Logistics Income Fund from C$12.50 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, National Bankshares upped their price target on shares of Chemtrade Logistics Income Fund from C$12.50 to C$13.50 in a research note on Friday, May 17th.
About Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.
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