Chemtrade Logistics Income Fund (TSE:CHE.UN) Earns Market Perform Rating from Raymond James
Raymond James reissued their market perform rating on shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) in a research note issued to investors on Friday morning, BayStreet.CA reports. Raymond James currently has a C$12.50 target price on the stock.
CHE.UN stock opened at C$10.96 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 182.00. Chemtrade Logistics Income Fund has a 12 month low of C$8.01 and a 12 month high of C$12.72. The firm has a market cap of $1.01 billion and a P/E ratio of -5.80. The company’s 50-day moving average price is C$10.67 and its two-hundred day moving average price is C$10.02.
The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.95%. The ex-dividend date of this dividend is Wednesday, October 30th. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is presently -63.49%.
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.
Further Reading: What is operating income?
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