Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

Alternate Symbol(s): CGIFF | T.CHE.UN | T.CHE.DB.G | T.CHE.DB.H

Chemicals Basic Materials

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides, and provides other processing services. This segment also manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, and a number of specialty chemicals, including sodium nitrite. EC segment manufactures and markets sodium chlorate and chlor-alkali products including caustic soda, chlorine and HCl, largely for the pulp and paper, oil and gas and water treatment industries. These products are marketed primarily to North American and South American customers.

TSX:CHE.DB.E - Post by User

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures

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Comment by StormyDon Aug 31, 2019 12:57pm

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Post# 30086112

RE:11.35%

JWING17 wrote: Is this what CHE.UN is paying right now and has been for sometime? I have never bought a dividend paying stock in my life. Been throwing my money away on the Venture, Looks like it is time to smarten up. Is this one of the best paying dividend stocks out there? I was starting to make a list of stocks to buy and came accross this one as well as the Banks,Railway, BCE etc. Any thoughts? Thanks.

Hi JWING17! This one has been on a roller coaster ride - just look at the 52-week performance! They got into some problems following a takeover of another company. Those legal issues are behind them now reportedly - so the unit price is on the mend! The company has paid a 10 cent per month distribution for many years now - even during the financial crisis when the yield was ca. 20%. So the distribution holds steady, but the unit price has fluctuated dramatically. One word: this is not a dividend payer. The distribution is a mix of US income and ineligible dividend - so no tax credit as for a Canadian dividend payer. I hold our CHE.UN in an RRSP and TFSAs. Just saying!

Good luck!

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