Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$10.40 and last traded at C$10.36, with a volume of 98115 shares. The stock had previously closed at C$10.18.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. CIBC boosted their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research note on Friday, August 16th. Desjardins boosted their target price on Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the company a “buy” rating in a research note on Friday, August 16th. Scotiabank boosted their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. Finally, National Bankshares boosted their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$12.85.
Check Out Our Latest Stock Report on Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund Trading Up 1.6 %
Chemtrade Logistics Income Fund Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were given a $0.055 dividend. This represents a $0.66 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend was Wednesday, July 31st. Chemtrade Logistics Income Fund’s payout ratio is 60.00%.
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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