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

Chemtrade Logistics Income Fund (TSE:CHE.UNGet Free Report) announced a monthly dividend on Monday, August 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, September 29th will be paid a dividend of 0.06 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, August 31st.

Chemtrade Logistics Income Fund Stock Down 0.7%

Shares of Chemtrade Logistics Income Fund stock opened at C$15.15 on Friday. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.47. The company has a 50-day moving average of C$16.14 and a 200 day moving average of C$16.15. The firm has a market cap of C$1.70 billion, a price-to-earnings ratio of 11.93 and a beta of 0.87. Chemtrade Logistics Income Fund has a 1 year low of C$12.73 and a 1 year high of C$18.43.

Chemtrade Logistics Income Fund (TSE:CHE.UNGet Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. The company had revenue of C$578.70 million during the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%. As a group, sell-side analysts anticipate that Chemtrade Logistics Income Fund will post 0.9919929 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Desjardins upped their price target on Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the stock a “buy” rating in a research note on Friday, August 14th. Royal Bank Of Canada upped their price target on shares of Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Finally, Scotia lifted their target price on shares of Chemtrade Logistics Income Fund from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$19.56.

Read Our Latest Research Report on CHE.UN

Chemtrade Logistics Income Fund Company Profile

(Get Free Report)

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America’s largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite and sodium hydrosulphite. Chemtrade is also one of the largest producers of high purity sulphuric acid for the semiconductor industry in North America. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, and zinc oxide.

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Dividend History for Chemtrade Logistics Income Fund (TSE:CHE.UN)

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