Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$12.85.
A number of research analysts have recently weighed in on the company. National Bankshares lifted 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. Desjardins upped 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 report on Friday, August 16th. Scotiabank increased their price target on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. CIBC upped their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research note on Friday, August 16th. Finally, BMO Capital Markets increased their target price on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Tuesday.
Read Our Latest Analysis on CHE.UN
Chemtrade Logistics Income Fund Trading Up 2.4 %
Chemtrade Logistics Income Fund Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were given a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date was Wednesday, July 31st. Chemtrade Logistics Income Fund’s dividend payout ratio is 60.00%.
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.
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