Chemtrade Logistics Income Fund (TSE:CHE.UN – Free Report) had its target price increased by Desjardins from C$13.00 to C$13.25 in a research note published on Friday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.
A number of other equities analysts have also recently issued reports on CHE.UN. National Bankshares raised their target price on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an outperform rating in a report on Friday. Royal Bank of Canada raised their price target on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an outperform rating in a report on Friday, May 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$12.55.
Get Our Latest Research Report on Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund Stock Up 3.3 %
Chemtrade Logistics Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 30th will be paid a $0.055 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $0.66 annualized dividend and a dividend yield of 6.58%. Chemtrade Logistics Income Fund’s payout ratio is currently 45.52%.
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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