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

Chemtrade Logistics Income Fund logo with Basic Materials background
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Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors 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 annualized dividend and a yield of 7.14%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Chemtrade Logistics Income Fund's previous monthly dividend of $0.06.

Chemtrade Logistics Income Fund Trading Down 3.3 %

Shares of CHE.UN traded down C$0.33 during trading on Tuesday, reaching C$9.67. 542,373 shares of the company traded hands, compared to its average volume of 311,258. The stock has a 50-day simple moving average of C$10.35 and a 200-day simple moving average of C$10.63. The stock has a market cap of C$1.13 billion, a PE ratio of 8.79 and a beta of 1.50. Chemtrade Logistics Income Fund has a twelve month low of C$7.77 and a twelve month high of C$12.05. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02.

Analyst Ratings Changes

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

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Chemtrade Logistics Income Fund Company Profile

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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.

Further Reading

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

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