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

Chemtrade Logistics Income Fund (TSE:CHE.UN) announced a monthly dividend on Monday, August 31st, TickerTech Dividends reports. Investors of record on Tuesday, September 29th will be paid a dividend of 0.06 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Monday, August 31st.

Chemtrade Logistics Income Fund Trading Down 0.7%

Shares of CHE.UN opened at C$15.15 on Friday. Chemtrade Logistics Income Fund has a twelve month low of C$12.73 and a twelve month high of C$18.43. The stock has a market cap of C$1.70 billion, a PE ratio of 11.93 and a beta of 0.87. The company has a quick ratio of 0.47, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. The business’s 50-day moving average price is C$16.14 and its 200-day moving average price is C$16.15.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last posted its earnings results on Wednesday, August 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. The business had revenue of C$578.70 million for the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%. On average, equities analysts forecast that Chemtrade Logistics Income Fund will post 0.9919929 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Desjardins upped their target price on Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Scotia increased their price target on shares of Chemtrade Logistics Income Fund from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$19.56.

Chemtrade Logistics Income Fund Company Profile

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America’s largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite and sodium hydrosulphite. Chemtrade is also one of the largest producers of high purity sulphuric acid for the semiconductor industry in North America. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, and zinc oxide.