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

Chorus Aviation Inc (TSE:CHR) announced a monthly dividend on Thursday, April 18th, Zacks reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.04 per share on Thursday, May 16th. This represents a $0.48 annualized dividend and a yield of 6.69%. The ex-dividend date is Monday, April 29th.

Shares of TSE CHR traded down C$0.11 during mid-day trading on Friday, hitting C$7.18. The company’s stock had a trading volume of 365,900 shares, compared to its average volume of 432,738. The firm has a market capitalization of $1.02 billion and a PE ratio of 14.96. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 336.31. Chorus Aviation has a one year low of C$4.54 and a one year high of C$8.03.

Chorus Aviation (TSE:CHR) last issued its earnings results on Friday, February 22nd. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.24 by C$0.01. The business had revenue of C$358.66 million during the quarter, compared to the consensus estimate of C$376.00 million. As a group, equities research analysts anticipate that Chorus Aviation will post 0.86000005065596 earnings per share for the current fiscal year.

In other Chorus Aviation news, Senior Officer Rick Flynn sold 96,546 shares of Chorus Aviation stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$7.20, for a total value of C$695,131.20. Following the transaction, the insider now owns 650,993 shares of the company’s stock, valued at C$4,687,149.60. Also, Director Gary James Osborne sold 25,000 shares of Chorus Aviation stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of C$7.45, for a total transaction of C$186,250.00. Insiders have sold a total of 148,146 shares of company stock worth $1,001,081 in the last three months.

Several research analysts have recently issued reports on CHR shares. National Bank Financial raised their target price on shares of Chorus Aviation from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Tuesday, January 15th. Scotiabank reissued an “average” rating and set a C$9.50 price objective on shares of Chorus Aviation in a research note on Friday, February 22nd. TD Securities lifted their price objective on shares of Chorus Aviation from C$9.00 to C$9.50 and gave the stock a “buy” rating in a research note on Monday, February 25th. Canaccord Genuity reissued a “buy” rating and set a C$8.75 price objective on shares of Chorus Aviation in a research note on Tuesday, February 26th. Finally, Royal Bank of Canada reduced their price objective on shares of Chorus Aviation from C$10.00 to C$9.50 and set an “outperform” rating on the stock in a research note on Tuesday, February 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$9.46.

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About Chorus Aviation

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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