Chorus Aviation Inc (TSE:CHR) Declares $0.04 Monthly Dividend

Chorus Aviation Inc (TSE:CHR) announced a monthly dividend on Thursday, September 19th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.04 per share on Thursday, October 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend is Friday, September 27th.

TSE CHR traded up C$0.06 during trading hours on Friday, reaching C$7.68. 370,700 shares of the company’s stock were exchanged, compared to its average volume of 350,892. Chorus Aviation has a one year low of C$4.54 and a one year high of C$8.10. The company has a debt-to-equity ratio of 269.58, a quick ratio of 0.59 and a current ratio of 0.77. The company’s 50-day moving average is C$7.52 and its two-hundred day moving average is C$7.57. The company has a market capitalization of $1.22 billion and a price-to-earnings ratio of 9.81.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.19 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. The firm had revenue of C$332.52 million for the quarter, compared to analyst estimates of C$365.50 million. Research analysts predict that Chorus Aviation will post 0.85 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. National Bank Financial reissued an “outperfrom under weight” rating on shares of Chorus Aviation in a report on Tuesday, August 13th. Royal Bank of Canada cut their price objective on Chorus Aviation from C$9.50 to C$9.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Finally, CIBC cut their price target on Chorus Aviation from C$9.50 to C$9.00 in a report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$9.04.

Chorus Aviation Company Profile

Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 694 departures per weekday to 60 destinations in Canada, as well as 18 destinations in the United States.

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Dividend History for Chorus Aviation (TSE:CHR)

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