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Noranda Income Fund (TSE:NIF.UN) declared a Monthly dividend on Wednesday, January 29th, AnalystRatingsNetwork reports. Investors of record on Tuesday, February 25th will be given a dividend of 0.0417 per share on Tuesday, February 25th. This represents a yield of 9.62%. The ex-dividend date of this dividend is Wednesday, January 29th.

On the ratings front, analysts at TD Securities cut their price target on shares of Noranda Income Fund from C$8.00 to C$7.00 in a research note to investors on Wednesday, November 13th. They now have a “buy” rating on the stock.

Noranda Income Fund (TSE:NIF) is a Canada-based unincorporated open-ended trust.

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