Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$8.53 and traded as high as C$8.92. Chemtrade Logistics Income Fund shares last traded at C$8.86, with a volume of 226,800 shares traded.
Analyst Upgrades and Downgrades
CHE.UN has been the topic of several research analyst reports. CIBC decreased their target price on Chemtrade Logistics Income Fund from C$14.00 to C$13.50 in a report on Thursday, February 22nd. Desjardins upped their target price on shares of Chemtrade Logistics Income Fund from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$11.80.
Check Out Our Latest Analysis on Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund Price Performance
Chemtrade Logistics Income Fund Increases Dividend
The business also recently declared a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were given a $0.055 dividend. This is a positive change from Chemtrade Logistics Income Fund’s previous monthly dividend of $0.05. This represents a $0.66 annualized dividend and a dividend yield of 7.50%. The ex-dividend date of this dividend was Wednesday, February 28th. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is currently 43.42%.
Insider Buying and Selling
In other news, Senior Officer Timothy Neil Montgomery purchased 5,942 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average cost of C$5.93 per share, for a total transaction of C$35,236.06. 0.18% of the stock is owned by insiders.
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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