Chemtrade Logistics Income Fund (CHE.UN.TO)…

Chemtrade Logistics Income Fund (CHE.UN.TO)

14.84

+0.43 (2.98%)

as of Sep 17, 2026, 6:36:28 pm Market Open.

375 watching

HOLD

It has a 6-7% dividend and was paying out all its money as an income trust. In the US they made an acquisition with a law suit attached. It has plummeted. They believe it is a year's worth of cash flow in fees for this suit. There is a risk of a dividend cut in the future but it is safe right now. He has confidence in it, even if they cut the dividend.

TOP PICK

It's one of the few remaining income funds. They've paid $1.20 dividend since 2007, monthly. They had a tough 2018 with issues in a subdivision. They have a payout ratio of 62-90%. Pays a secure 12% dividend. Their strong management can turn things around. (Analysts’ price target is $12.38)

SELL

He's look at it occasionally. Recent earnings have disappointed the market. Yields over 12%, which will likely be cut. Depending on your time horizon, you could weather this cut. If you can't, then sell now.

WAIT

Over the past decade their earnings have gone down and the debt remains high. They reported an awful earnings quarter and the stock has plunged. He is not interested just yet. Yield 9%

DON'T BUY

It is a cyclical business so has a chance of recovery. The end markets are tough. The earnings have not come through. He is short on this one. Poor price momentum is the worst problem. It is cheap on a book value basis. They have a stretched balance sheet.

DON'T BUY

Good news and bad news. The good news is that the price of the stock has come down a lot and now is at a discount to book value. And also it has a nice dividend yield. But the dividend is $1.20 and they only make 46 cents. When something like that happens then something is wrong here, The markets are expecting a cut. He sees only 4-5% upside potential here. This company is failing its shareholders and it is going to cut its dividend.

DON'T BUY

Dividend of 11.6%. Their business is pretty good. It's economically sensitive which is a concern.

WEAK BUY

Industrials have been slammed and CHE just settled a lawsuit, so this will be punished until the final settlement. Balance sheet is merely okay. But this is cheap now. Safe, high dividend. They could sell assets to help their balance sheet. It's messy but you can buy it at these levels.

COMMENT

They have a $100-million lawsuit (because of a US acquisition) which will absorb their cash flow. They are highly levered, so this is bad news. Dividend is pushing 10% now; you can hold it for this. A bit risky.

DON'T BUY

It is at a 23 PE and an 8.4% yield. Earnings should decline 6.3% next year. Earnings have been shaved by 7% in the last 90 days. It is above average risk.

WEAK BUY

A very whippy stock, can trade down on little news. Litigation, maintenance issues, balance sheet is high. If there’s a recession, not a good place to be. Management is guiding to a much better second half. Thinks the yield of 7.8% is safe. A 59% payout ratio for 2019. As long as earnings are good, you’re fine. You can make money buying here.

BUY

An industrial supplier to municipalities. It is more of a dividend stock. It has moved down over the last year with other income oriented stocks. It is a relatively small company. It is pretty attractive here. They are sensitive to general economic growth. It got caught up with other income paying stocks. Just tuck it away and don’t look at it too much. The dividend looks sustainable, paid monthly.

BUY

It has its problems. The balance sheet debt is 4.3 times 2017 EBITDA. Smaller cap. 11% growth. Yield 7.8%. A good time to be buying it in taxable accounts.

WEAK BUY

A decent business and a decent dividend payer.

COMMENT

A high dividend payer? A name that he might look at. It pays in the 5%-6% range. Sells chemicals to a number of different municipalities and industrial applications. Acquired Canexus last year. They are getting more margin on their product and the dividend is sustainable. He could see this getting up to $21-$22 plus a dividend yield on top of that.

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Chemtrade Logistics Income Fund (CHE.UN.TO)