Chemtrade Logistics Income Fund (TSE:CHE.UN) Plans $0.06 Monthly Dividend

Posted by Samantha Reynolds on Jul 30th, 2024

Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) announced a monthly dividend on Wednesday, July 31st, TickerTech reports. Stockholders 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 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend is Wednesday, July 31st.

Chemtrade Logistics Income Fund Stock Performance

Chemtrade Logistics Income Fund stock remained flat at C$9.50 during midday trading on Tuesday. 281,205 shares of the company’s stock traded hands, compared to its average volume of 261,548. The business has a 50-day moving average price of C$9.26 and a 200 day moving average price of C$8.82. Chemtrade Logistics Income Fund has a 52 week low of C$7.60 and a 52 week high of C$9.59. The company has a debt-to-equity ratio of 128.22, a quick ratio of 0.48 and a current ratio of 0.42. The stock has a market cap of C$1.11 billion, a PE ratio of 6.58 and a beta of 1.48.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CHE.UN. Desjardins lifted their price target on Chemtrade Logistics Income Fund from C$12.50 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Royal Bank of Canada boosted their target price on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, National Bankshares increased their price target on shares of Chemtrade Logistics Income Fund from C$12.50 to C$13.50 in a report on Friday, May 17th.

Check Out Our Latest Analysis on Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund Company Profile

(Get Free Report)

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.