Chemtrade Logistics Income Fund (TSE:CHE.UN – Free Report) had its target price boosted by National Bankshares from C$13.50 to C$14.00 in a research report report published on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Several other equities analysts have also recently commented on CHE.UN. Royal Bank of Canada boosted their target price on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an outperform rating in a research report on Friday, May 17th. Desjardins boosted their price objective on shares of Chemtrade Logistics Income Fund from C$12.50 to C$13.00 and gave the company a buy rating in a research report on Thursday, May 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of C$12.85.
Get Our Latest Research Report on Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund Stock Down 1.6 %
Chemtrade Logistics Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 30th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 6.69%. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) 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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