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 report released on Tuesday,Zacks.com reports.

Chemtrade Logistics Income Fund Price Performance

Chemtrade Logistics Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a yield of ∞. The ex-dividend date of this dividend was Thursday, October 31st.

About Chemtrade Logistics Income Fund

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.