Last C$20.40 CAD
Change Today +0.14 / 0.69%
Volume 120.1K
CHE-U On Other Exchanges
Symbol
Exchange
OTC US
Toronto
As of 12:59 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

chemtrade logistics incom fd (CHE-U) Snapshot

Open
C$20.35
Previous Close
C$20.26
Day High
C$20.56
Day Low
C$20.30
52 Week High
08/22/14 - C$22.47
52 Week Low
10/15/14 - C$18.35
Market Cap
1.4B
Average Volume 10 Days
215.8K
EPS TTM
C$-0.89
Shares Outstanding
68.3M
EX-Date
12/29/14
P/E TM
--
Dividend
C$1.20
Dividend Yield
5.88%
Current Stock Chart for CHEMTRADE LOGISTICS INCOM FD (CHE-U)

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chemtrade logistics incom fd (CHE-U) Details

Chemtrade Logistics Income Fund provides industrial chemicals and services primarily in Canada, the United States, and Europe. Its Sulphur Products & Performance Chemicals segment manufactures and supplies sulphuric acid, regen acid, ultra pure acid, liquid sulphur dioxide, sodium hydrosulphite, sodium bisulphite, and sulphur for use in various industries, including pulp and paper, refineries, chemicals manufacturing, textiles, kaolin clay, water treatment, mining, and semi-conductor production. This segment also offers processing services for hydrogen sulphide and ammonium sulphate. The Water Solutions & Specialty Chemicals segment produces and distributes aluminum sulphate, polyaluminum chloride, aluminum chlorohydrate, ferric sulphate, calcium hydroxide, liquid ammonium sulphate, aqua ammonia, sodium chlorate, crude tall oil and reduced spent acid, hydrogen, phosphorus pentasulphide, sodium nitrite, potassium chloride, vaccine adjuvants, and sulphides. The International segment is involved in the removal, marketing, trading, distribution, and storage of sulphuric acid and sulphur from producers, including petroleum refineries, non-ferrous smelters, and other industrial facilities outside North America, as well as provides storage and terminal services. The company was founded in 2001 and is headquartered in Toronto, Canada.

Founded in 2001

chemtrade logistics incom fd (CHE-U) Top Compensated Officers

Chief Executive Officer, President, Trustee, ...
Total Annual Compensation: C$700.0K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$340.0K
Vice President
Total Annual Compensation: C$267.8K
Vice President
Total Annual Compensation: C$267.8K
Vice President
Total Annual Compensation: C$260.0K
Compensation as of Fiscal Year 2013.

chemtrade logistics incom fd (CHE-U) Key Developments

Chemtrade Logistics Income Fund Declares Distribution for the Month of December 2014, Payable on January 31, 2015

Chemtrade Logistics Income Fund announced that it has declared a cash distribution of $0.10 per unit for the month of December 2014, payable on January 31, 2014 to unit holders of record at the close of business on December 31, 2014.

Chemtrade Logistics Income Fund Declares Distribution for the Month of November 2014, Payable on December 31, 2014

Chemtrade Logistics Income Fund announced that it has declared a cash distribution of $0.10 per unit for the month of November 2014, payable on December 31, 2014 to unit holders of record at the close of business on November 28, 2014.

Chemtrade Logistics Income Fund Reports Earnings Results for Third Quarter and Nine Months Ended September 30, 2014; Provides Financial Guidance for the Fourth Quarter and Full Year of 2014

Chemtrade Logistics Income Fund Reports Earnings Results for Third Quarter and nine months ended September 30, 2014. For the quarter, the company’s revenue was $324.6 million compared to $206.9 million in 2013. The primary reason for the increase in Revenue was the addition of the General Chemical business, as well as higher revenues in the SPPC and International segments due to higher volumes of sulphuric acid and sulphur. Distributable cash after maintenance capital expenditures for the third quarter was $50.6 million, or $0.83 per unit against $23.7 million, or $0.57 per unit a year ago. During the third quarter of 2014, distributable cash benefited from maintenance capital expenditures being lower than the anticipated annual run rate. Adjusted cash flows from operating activities for the period were $58.3 million against $32.0 million a year ago. EBITDA for the third quarter was $72.1 million compared with $37.5 million in the third quarter of 2013. Net earnings were $11.8 million compared with $20.4 million in the same period in 2013. The decrease is primarily due to an unrealized foreign exchange loss in the third quarter of 2014 of $19.6 million, partially offset by the gain on the sale of the Montreal East facility. Maintenance CapEx was $7.7 million compared with $8.3 million in Third Quarter of 2013. For the nine months, the company’s distributable cash after maintenance capital expenditures was $102.2 million or $1.73 per unit, generated from revenue of $916.7 million against distributable cash after maintenance capital expenditures of $72.1 million or $1.73 per unit, generated from revenue of $634.5 million a year ago. EBITDA was $159.8 million against $108.8 million a year ago. Adjusted cash flow from operating activities was $120.8 million against $91.9 million a year ago, and net earnings were $31.1 million against $34.7 million a year ago. The third quarter is traditionally strongest quarter from both a distributable cash and EBITDA perspective. The company expects that to be true again in 2014. The final financial benefits from integration activities should positively affect fourth quarter and first quarter earnings, although as usual, from a distributable cash perspective, the company expects to incur significantly higher capital expenditures in the fourth quarter than incurred so far in 2014. The company expects that it will end 2014 with total maintenance CapEx of approximately $45 million. The company believes that this level represents the lower end of the range of normal level of maintenance CapEx required by the business. The company now believes that business requires maintenance CapEx in the range of $45 million to $50 million on an annual basis.

 

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