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

Chemtrade Logistics Income Fund (TSE:CHE.UN) 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 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date 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 Performance

Shares of Chemtrade Logistics Income Fund stock opened at C$9.84 on Friday. 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 current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The company has a 50 day moving average of C$10.37 and a 200-day moving average of C$10.60. The company has a market cap of C$1.15 billion, a PE ratio of 8.95 and a beta of 1.50.

Analyst Ratings Changes

A number of brokerages recently issued reports on CHE.UN. CIBC lowered their price objective on Chemtrade Logistics Income Fund from C$15.00 to C$13.00 in a research report on Tuesday, December 10th. BMO Capital Markets upped their price target on Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a research report on Tuesday, November 19th. Finally, Raymond James increased their target price on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research report on Monday, November 18th.

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.