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

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) declared 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) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Thursday, July 31st.

Chemtrade Logistics Income Fund Stock Down 0.5%

CHE.UN traded down C$0.06 on Monday, reaching C$11.19. 213,486 shares of the company traded hands, compared to its average volume of 256,823. The stock's 50 day moving average price is C$11.14 and its 200-day moving average price is C$10.33. Chemtrade Logistics Income Fund has a 52-week low of C$8.50 and a 52-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 company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48.

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.