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

Key Points

• Chemtrade Logistics Income Fund declared a monthly dividend of $0.06 per share, reflecting an annualized dividend of $0.69 and a yield of 6.12%.
• Analysts have updated their price targets, with recommendations ranging from a "buy" rating with a target of C$15.50 by Desjardins to a target of C$17.00 by National Bankshares, indicating a positive outlook for the stock.
• The company has a market capitalization of C$1.31 billion and is currently trading around C$11.27, with a 12-month price range between C$8.50 and C$12.05.

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) announced a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.0575 per share on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Thursday, July 31st.

Chemtrade Logistics Income Fund Price Performance

Shares of CHE.UN traded down C$0.06 during trading hours on Friday, hitting C$11.19. 213,486 shares of the company were exchanged, compared to its average volume of 256,823. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. Chemtrade Logistics Income Fund has a fifty-two week low of C$8.50 and a fifty-two week high of C$12.05. The company has a market cap of C$1.31 billion, a price-to-earnings ratio of 10.17 and a beta of 1.50. The firm's fifty day moving average is C$11.14 and its 200 day moving average is C$10.33.

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.