Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.0575 per share on Monday, March 31st. This represents a $0.69 annualized dividend and a yield of 6.66%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Chemtrade Logistics Income Fund’s previous monthly dividend of $0.06.
Chemtrade Logistics Income Fund Price Performance
Shares of TSE:CHE.UN opened at C$10.36 on Friday. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. Chemtrade Logistics Income Fund has a 1-year low of C$7.77 and a 1-year high of C$12.05. The company has a market capitalization of C$1.21 billion, a P/E ratio of 9.42 and a beta of 1.50. The firm’s 50 day simple moving average is C$10.36 and its two-hundred day simple moving average is C$10.62.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Raymond James lifted their price target on shares of Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a report on Monday, November 18th. BMO Capital Markets boosted their target price on shares of Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a report on Tuesday, November 19th. Finally, CIBC lowered their target price on shares of Chemtrade Logistics Income Fund from C$15.00 to C$13.00 in a report on Tuesday, December 10th.
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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