Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$12.71.
A number of research firms have weighed in on CHE.UN. Desjardins increased their target price on Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the stock a “buy” rating in a research note on Friday, August 16th. BMO Capital Markets lifted their price objective on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. National Bankshares lifted their price target on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. CIBC upped their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th. Finally, Scotiabank upped their price objective on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th.
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Chemtrade Logistics Income Fund Price Performance
Chemtrade Logistics Income Fund Announces Dividend
The company also recently declared a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of ∞. Chemtrade Logistics Income Fund’s dividend payout ratio is currently 60.00%.
Chemtrade Logistics Income Fund Company Profile
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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