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

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

CHR traded up C$0.06 during midday trading on Friday, hitting C$7.68. 370,700 shares of the company traded hands, compared to its average volume of 350,892. The company has a current ratio of 0.77, a quick ratio of 0.59 and a debt-to-equity ratio of 269.58. The company has a market capitalization of $1.22 billion and a price-to-earnings ratio of 9.81. Chorus Aviation has a 52-week low of C$4.54 and a 52-week high of C$8.10. The business has a 50 day simple moving average of C$7.52 and a two-hundred day simple moving average of C$7.57.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.18 by C$0.01. The company had revenue of C$332.52 million for the quarter, compared to analysts’ expectations of C$365.50 million. Equities research analysts anticipate that Chorus Aviation will post 0.85 earnings per share for the current year.

CHR has been the subject of a number of research analyst reports. National Bank Financial reaffirmed an “outperfrom under weight” rating on shares of Chorus Aviation in a research note on Tuesday, August 13th. Royal Bank of Canada dropped their target price on shares of Chorus Aviation from C$9.50 to C$9.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Finally, CIBC dropped their target price on shares of Chorus Aviation from C$9.50 to C$9.00 in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target 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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