Chemtrade Logistics Income Fund (CHE.UN) to Issue Monthly Dividend of $0.10 on November 29th

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Chemtrade Logistics Income Fund (TSE:CHE.UN) declared a monthly dividend on Wednesday, October 30th, TickerTech reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.10 per share on Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 11.39%. The ex-dividend date is Wednesday, October 30th.

Shares of TSE:CHE.UN traded up C$0.06 during trading on Tuesday, hitting C$10.54. 182,984 shares of the company were exchanged, compared to its average volume of 157,642. The business’s 50 day moving average is C$10.87 and its 200-day moving average is C$9.91. The company has a market capitalization of $975.96 million and a P/E ratio of -5.58. 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 1-year low of C$8.01 and a 1-year high of C$13.11.

Separately, Raymond James restated a “market perform” rating and issued a C$12.50 price objective on shares of Chemtrade Logistics Income Fund in a report on Friday, August 16th.

In related news, Senior Officer Tab Mccullough acquired 16,100 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average price of C$10.37 per share, with a total value of C$167,017.34. Following the transaction, the insider now directly owns 48,033 shares of the company’s stock, valued at C$498,282.24. Also, Director Douglas Muzyka acquired 7,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were bought at an average cost of C$10.16 per share, for a total transaction of C$71,148.00. Following the transaction, the director now directly owns 14,000 shares in the company, valued at C$142,296. Over the last quarter, insiders have acquired 40,112 shares of company stock valued at $414,273.

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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Dividend History for Chemtrade Logistics Income Fund (TSE:CHE.UN)

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