Chorus Aviation Inc Plans Monthly Dividend of $0.04 (CHR)

Chorus Aviation Inc (TSE:CHR) declared a monthly dividend on Tuesday, February 27th, TickerTech reports. Shareholders of record on Thursday, March 15th will be given a dividend of 0.04 per share on Thursday, March 15th. This represents a $0.48 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Tuesday, February 27th.

Chorus Aviation (TSE CHR) traded up C$0.09 on Thursday, reaching C$8.63. 757,759 shares of the company’s stock traded hands, compared to its average volume of 405,056. The company has a market cap of $1,070.00, a PE ratio of 6.59 and a beta of 0.57. Chorus Aviation has a 1-year low of C$7.07 and a 1-year high of C$9.86.

Chorus Aviation (TSE:CHR) last posted its earnings results on Thursday, February 15th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.24 by C($0.05). Chorus Aviation had a net margin of 4.02% and a return on equity of 38.57%. The company had revenue of C$356.56 million for the quarter, compared to the consensus estimate of C$348.50 million.

Several equities analysts have recently weighed in on CHR shares. CIBC increased their price objective on shares of Chorus Aviation from C$10.50 to C$11.00 in a research note on Thursday, January 4th. Scotiabank increased their price objective on shares of Chorus Aviation from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Finally, Royal Bank of Canada lowered their price objective on shares of Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Six research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of C$9.96.

In other Chorus Aviation news, insider Scott Tapson sold 15,200 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of C$9.75, for a total transaction of C$148,200.00. Also, Director Gary James Osborne sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of C$9.80, for a total transaction of C$98,000.00. In the last 90 days, insiders have sold 65,946 shares of company stock worth $643,813.

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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 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.

Dividend History for Chorus Aviation (TSE:CHR)

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