Chemtrade Logistics Income Fund (TSE:CHE) Cut to “Hold” at Cibc World Mkts

Cibc World Mkts downgraded shares of Chemtrade Logistics Income Fund (TSE:CHE) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Chemtrade Logistics Income Fund Stock Performance

Chemtrade Logistics Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, October 31st were issued a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Thursday, October 31st.

Chemtrade Logistics Income Fund Company Profile

Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates in two segments, VITAS and Roto-Rooter. It offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees.