Chemtrade Logistics Income Fund (TSE:CHE.UN) Raises Dividend to $0.06 Per Share

Chemtrade Logistics Income Fund (TSE:CHE.UN) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend 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 Stock Up 5.3 %

Shares of TSE:CHE.UN opened at C$10.36 on Friday. The company has a market capitalization of C$1.21 billion, a price-to-earnings ratio of 9.42 and a beta of 1.50. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The business’s 50-day moving average is C$10.36 and its 200-day moving average is C$10.61. Chemtrade Logistics Income Fund has a 1 year low of C$7.77 and a 1 year high of C$12.05.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CHE.UN. BMO Capital Markets boosted their price objective on Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a research note on Tuesday, November 19th. Raymond James boosted their price objective on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research note on Monday, November 18th. Finally, CIBC dropped their price objective on Chemtrade Logistics Income Fund from C$15.00 to C$13.00 in a research note 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.