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

Chemtrade Logistics Income Fund (TSE:CHE.UN) declared a monthly dividend on Wednesday, July 31st, TickerTech reports. Investors of record on Friday, August 30th will be paid a dividend of 0.055 per share on Friday, August 30th. This represents a $0.66 annualized dividend and a yield of 6.95%. The ex-dividend date of this dividend is Wednesday, July 31st.

Chemtrade Logistics Income Fund Price Performance

CHE.UN remained flat at C$9.50 during trading hours on Tuesday. The company had a trading volume of 281,205 shares, compared to its average volume of 261,548. The stock has a 50 day simple moving average of C$9.26 and a 200-day simple moving average 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 firm 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 quick ratio of 0.48 and a current ratio of 0.42.

Analysts Set New Price Targets

A number of research analysts have recently commented on CHE.UN shares. National Bankshares raised their price target on Chemtrade Logistics Income Fund from C$12.50 to C$13.50 in a report on Friday, May 17th. Desjardins raised 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 report on Thursday, May 16th. Finally, Royal Bank of Canada raised their price target on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report 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.